On Monday, the top TSX mover was Aurizon Mines Ltd. (TSX: T.ARZ, Stock Forum). It rose 4.14% and was trading at $4.53 on volume of 9.9 million shares.
The gold producer entered into a definitive agreement pursuant to which Hecla Mining Co. (NYSE:HL) will acquire all of the outstanding diluted common shares of Aurizon for approximately $796 million.
Kelt Exploration Ltd. (TSX: T. KEL, Stock Forum) was the second most active stock on the TSX. The stock was up 1.85% and trading at $5.50 on volume of 4.7 million.
On Feb. 26, the newly formed oil and gas explorer began operations.
The company was formed as a result of a plan of arrangement between Celtic Exploration Ltd. and ExxonMobil Celtic ULC, a wholly owned subsidiary of ExxonMobil Canada Ltd.
Lago Dourado Minerals Ltd. (TSX: V.LDM, Stock Forum) was the volume leader on the TSX Venture Exchange. It gained 3.7% and was trading at $0.14 on volume of 6 million.
On Feb. 24, the mineral exploration company released a geological report confirming the porphyry-epithermal potential at its Juruena project in Brazil.
The second most active stock on the TSX Venture was New Guinea Gold Corp. (TSX: V.NGG, Stock Forum) It lost 50% and was trading at $0.005 after 2.3 million shares changed hands.
The junior exploration company had no related news to explain the high volume in trading.