On Tuesday, the top TSX mover was Research In Motion Ltd. (TSX: T.RIM, Stock Forum). The stock lost 1.03% and was trading at $17.23 on volume of 8.8 million. The BlackBerry maker was active after Jefferies & Co analyst Peter Misek lifted his stock rating on RIM to "buy" from "hold".
After the announcement on Jan. 21, the stock hit a new 52-week high of $18.49.
INV Metals Inc. (TSX: T.INV, Stock Forum) was the second most active stock on the TSX. It soared 20.83% and was trading at $0.145 on volume of 5 million shares. The mineral resource company had no related news to explain the high volume of trading.
Eacom Timber Corp. (TSX: V.ETR, Stock Forum) was the volume leader on the TSX Venture Exchange. It fell 5.77% and was trading at $0.245 on volume of 2.5 million. On Jan. 9, the global timber company said it had established a special committee of independent directors to consider strategic alternatives that may be available to the company.
The second most active stock on the TSX Venture was Kivalliq Energy Corp. (TSX: V.KIV, Stock Forum). It rose 1.3% and was trading at $0.39 after 2.2 million shares changed hands. On Jan. 15, the uranium explorer announced a significant increase in the NI 43-101 compliant mineral resource estimate for the Lac 50 Trend uranium deposits, located within Kivalliq's 340,268 acre Angilak property in Nunavut, Canada.
The new inferred mineral resource estimate of 2.8 million tonnes grading 0.69% U3O8 represents a 60% increase over the previous resource estimate