On Monday, the top TSX mover was Labrador Iron Mines Holdings Ltd. (TSX: T.LIM, Stock Forum). It soared 17% and was trading at $1.72 on volume of 3.6 million shares. According to published reports, the iron miner surged after Taiwan's China Steel and South Korea's Posco led a group that agreed to buy 15% of ArcelorMittal Mines Canada on Jan. 2, 2013.
ArcelorMittal (NYSE: MT, Stock Forum) is the world’s biggest steelmaker.
Bombardier Inc. (TSX: T.BBD.B, Stock Forum) was the second most active stock on the TSX. The stock fell 0.26% and trading at $3.86 on volume of 3.4 million. On Dec. 31 the transportation manufacturer said that it will supply 35 BOMBARDIERTALENT 2 electric multiple units and a strategic spare part package to Abellio Rail NRW GmbH.
The trains will operate on the Saale-Thuringia-South Harz network in Germany.
Intertainment Media Inc. (TSX: T.INT, Stock Forum) was the volume leader on the TSX Venture Exchange. It was up 2.7% and was trading at $0.19 on volume of 8.6 million. On Jan. 3, the technology company said its subsidiary, Ortsbo, launched its first localized business agreement effectively creating a partnership in The People's Republic of China.
The second most active stock on the TSX Venture was Galway Metals Inc. (TSX: T.GWM, Stock Forum) It was unchanged and was trading at $0.06 after 1.2 million shares changed hands. The company had no related news to explain the high volume in trading.