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IROC Energy Services active on strategic acquisition: Canadian market movers

Elizabeth Walters Elizabeth Walters, Stockhouse
0 Comments| February 22, 2013

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On Friday, the top TSX mover was Bombardier Inc. (TSX: T.BBD.B, Stock Forum). The stock gained 2.06% and was trading at $3.97 on volume of 3.4 million.

The transportation equipment manufacturer reported an adjusted net income of $692 million, compared to $865 million last fiscal year in its financial results ending Dec. 31.

BlackBerry (TSX: T.BB, Stock Forum) was the second most active stock on the TSX. It slipped 3.61% and was trading at $13.62 on volume of 2.6 million shares.

On Feb. 12, the communications technology developer hosted a webinar about the full range of enterprise-relevant features at the heart of its new platform.

The Z10 smartphone is expected to hit the U.S. markets in March.

IROC Energy Services Corp. (TSX: V.ISC, Stock Forum) was the volume leader on the TSX Venture Exchange. It soared 24.89% and was trading at $2.96 on volume of 2.7 million.

The oilfield services business entered into an arrangement agreement to combine Western Energy Services Corp. (TSX: T.WRG, Stock Forum) premier contract drilling fleet with IROC's industry leading well servicing fleet and oilfield equipment rental business.

The combined company will operate one of the newest fleets of equipment in each of its respective service lines.

The second most active stock on the TSX Venture was Mart Resources Inc. (TSX: V.MMT, Stock Forum). It rose 0.5% and was trading at $2.00 after 1.4 million shares changed hands.

On Feb. 19, the oil and gas junior announced it was recognized for the third consecutive year by the TSX Venture Exchange as one of the TSX Venture 50® companies in 2013.



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