On Friday, the top TSX mover was Research In Motion Ltd. (TSX: T.RIM, Stock Forum). The stock was up 7.08% and was trading at $15.72 on volume of 6.8 million. On Jan. 16, the BlackBerry maker said that its Secure Element Manager solution for Near Field Communication mobile payments has been approved by Visa.
RIM's Secure Element Manager is the backend solution for carriers that can securely manage credentials on subscriber identity module cards installed in all types of Near Field Communication capable mobile devices.
AuRico Gold Inc. (TSX: T.AUQ, Stock Forum) was the second most active stock on the TSX. It fell 2.73% and was trading at $7.85 on volume of 5.1 million shares. The gold producer said company-wide production in 2013 is expected to be in the range of 190,000 to 220,000 gold ounces, significantly increasing production over 2012.
Cantex Mine Development Corp. (TSX: V.CD, Stock Forum) was the volume leader on the TSX Venture Exchange. It plummeted 60% and was trading at $0.01 on volume of 4.6 million. The mineral properties explorer and developer had no related news to explain the high volume in trading.
The second most active stock on the TSX Venture was Pinecrest Energy Inc. (TSX: V.PRY, Stock Forum). It rose 3.68% and was trading at $1.41 after 4.3 million shares changed hands. On Jan. 17, the petroleum and natural gas exploration, production and development company said that its production, based on field estimates, is currently 5,080 barrels of oil per day (99% oil and liquids) and is in line with its previous 2012 exit guidance.