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Sea Dragon Energy jumps 15% on well results: Canadian market movers

Elizabeth Walters Elizabeth Walters, Stockhouse
0 Comments| March 8, 2013

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On Friday, the top TSX mover was Bombardier Inc. (TSX: T.BBD.B, Stock Forum). The stock gained 1.74% and was trading at $4.10 on volume of 15.4 million.

On March 7, the transportation equipment manufacturer unveiled its first CSeries flight test aircraft, which is set to fly in June, at its facility in Mirabel, Québec.

Kelt Exploration Ltd. (TSX: T.KEL, Stock Forum) was the second most active stock on the TSX. It was up 11.67 % and was trading at $6.80 on volume of 5.7 million shares.

On March 7, the newly formed oil and gas explorer provided financial and operating guidance for 2013.

The company expects to spend $54.7 million on drilling and completing wells, $11.0 million on facilities, equipment and pipelines, and $11.3 million on land and seismic.

Northcore Resources Inc. (TSX: V.NCR, Stock Forum) was the volume leader on the TSX Venture Exchange. It soared 25% and was trading at $0.025 on volume of 5.4 million.

The exploration company had no related news to explain the high volume in trading.

The second most active stock on the TSX Venture was Sea Dragon Energy Inc. (TSX: V.SDX, Stock Forum). It rose 15.38% and was trading at $0.075 after 3 million shares changed hands.

On March 7, the oil and gas junior said the Al Amir SE-14 ST2 well in Egypt, which was completed in the Rahmi sands, tested at 3,486 barrels of oil per day and was currently on production at 1,333 barrels of oil per day.



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