Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

Poseidon tanks on weak third-quarter results: Canadian market movers

Elizabeth Walters Elizabeth Walters, Stockhouse
0 Comments| November 15, 2012

{{labelSign}}  Favorites
{{errorMessage}}

On Thursday, the top TSX mover was Bombardier Inc. (TSX: T.BBD.B, Stock Forum). It fell 6.27% and was trading at $2.99 on volume of 16.8 million shares. The transportation manufacturer said Flexjet, the first fractional jet ownership company to offer shares on the all-new Learjet 85 aircraft, was showcasing the new model on Wednesday in Dallas, Texas.

Poseidon Concepts Corp. (TSX: T.PSN, Stock Forum) was the second most active stock on the TSX. The stock plummeted 56.2% and was trading at $5.79 on volume of 14.9 million. Poseidon is focused on providing safe fluid handling solutions to the oil and natural gas sector. On November 14, the company reported weaker third quarter results due to slower activity in its core U.S. operating regions.

Route1 Inc. (TSX: V.ROI, Stock Forum) was the volume leader on the TSX Venture Exchange. It was down 12.5% and traded at $0.035 on volume of 5 million. On Nov. 13, the digital security company said it received a purchase order from a second component of the United States Department of Defense. The purchase order for 1,950 MobiKEY users comprises 1,950 MobiKEY Fusion devices and subscriptions, bringing this component's MobiKEY paid, active user count and MobiKEY Fusion device count to 2,000 as of Dec. 1, 2012.

The second most active stock on the TSX Venture was Hana Mining Ltd. (TSX: V.HMG, Stock Forum). It lost 1.27% and was trading at $0.78 after 2.9 million shares changed hands. The exploration and development company had no related news to explain the high volume in trading.



{{labelSign}}  Favorites
{{errorMessage}}

Featured Company