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Habanero Resources soars 20% on drilling results: Canadian market movers

Elizabeth Walters Elizabeth Walters, Stockhouse
0 Comments| January 11, 2013

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On Friday, the top TSX mover was Research In Motion Ltd. (TSX: T.RIM, Stock Forum). The stock rose 4.92% and was trading at $12.37 on volume of 4.2 million. On Jan. 3, 2013, T-Mobile USA, Inc. and the technology company announced the most affordable BlackBerry® smartphone on T-Mobile's nationwide network - the BlackBerry® Curve 9315.

Bombardier Inc. (TSX: T.BBD.B, Stock Forum) was the second most active stock on the TSX. It rose 0.25% and was trading at $4.00 on volume of 3.2 million shares. On Jan. 10, the transportation manufacturer announced the pricing of its new issuance of senior notes due 2016 and senior notes due 2023.

The issuance is comprised of US$750 million aggregate principal amount of Bombardier's senior notes due 2016, which carry a coupon of 4.250% per annum and will be sold at par, and US$1.25 billion aggregate principal amount of Bombardier's senior notes due 2023, which carry a coupon of 6.125% per annum and will be sold at par.

Castillian Resources Corp. (TSX: V.CT, Stock Forum) was the volume leader on the TSX Venture Exchange. It fell 16.67% and was trading at $0.025 on volume of 3.3 million. The mineral exploration company had no related news to explain the high volume in trading.

The second most active stock on the TSX Venture was Habanero Resources Inc. (TSX: V.HAO, Stock Forum). It jumped 20% and was trading at $0.03 after 2.2 million shares changed hands. The exploration and development company announced results of nine inclined diamond drill holes totalling 801 metres that tested priority aluminum in soil geochemical anomalies defined by Habanero's summer-fall 2012 exploration programs.

The highlight was hole 12GVDH007, which intersected 52.0 metres grading 15.7% aluminum oxide.



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