On Tuesday, the top TSX mover was Uranium One Inc. (TSX: T.UUU, Stock Forum). The stock rose 0.55% and was trading at $1.84 on volume of 6.8 million. On Nov. 29, the uranium producer released a report that said long-term demand for uranium was rising on China’s and India’s nuclear expansion plans.
Research In Motion Ltd. (TSX: T.RIM, Stock Forum) was the second most active stock on the TSX. It rose 4% and was trading at $12.21 on volume of 4.6 million shares. According to published reports, communications and technology company, Wi-LAN Inc. (TSX: T.WIN, Stock Forum), has begun litigation against the Blackberry maker alleging patent infringement.
WesternZagros Resources Ltd. (TSX: V.WZR, Stock Forum) was the volume leader on the TSX Venture Exchange. It fell 5.83% and was trading at $1.13 on volume of 1.9 million. The oil and gas company said it had completed a successful oil test at Kurdamir-2 well in Iraq. The well achieved a stabilized flow rate of 2,184 barrels per day of light, 42 degree API oil, together with 10.4 million cubic feet per day of natural gas.
The second most active stock on the TSX Venture was Takara Resources Inc. (TSX: V.TKK, Stock Forum). It soared 50% and was trading at $0.015 after 1.8 million shares changed hands. On Dec. 5, the gold development company said it had entered into an option agreement to sell its wholly-owned subsidiary, StrataGold Guyana Inc., to an Australian exploration company.