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Orbite Aluminae falls 22%: Canadian market movers

Elizabeth Walters Elizabeth Walters, Stockhouse
0 Comments| April 2, 2013

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On Tuesday, the top TSX mover was Capstone Mining Corp. (TSX: T.CS, Stock Forum). The stock rose 2.2% and was trading at $2.32 on volume of 11.7 million.

On March 13, the base metals company announced earnings of $59.6 million or $0.16 a share in its 2012 year-end financial results.

Orbite Aluminae Inc. (TSX: T.ORT, Stock Forum) was the second most active stock on the TSX. It nose-dived 22% before trading was halted at 10:35 a.m. on Tuesday and was trading at $1.07 on volume of 3.2 million shares.

On March 28, the alumina producer began shipping the first commercial samples of high-purity alumina to several customers in Europe, Asia and North America.

Coronet Metals Inc. (TSX: V.CRF, Stock Forum) was the volume leader on the TSX Venture Exchange. It soared 25% and was trading at $0.05 on volume of 4.5 million.

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

The second most active stock on the TSX Venture was Mart Resources Inc. (TSX: V.MMT, Stock Forum). It lost 10% and was trading at $1.53 after 4.2 million shares changed hands.

On March 26, the oil and gas junior arranged a US $100 million secured term loan facility with Guaranty Trust Bank PLC with the intent to finance capital expenditures required for further field development activities and Mart's ongoing working capital requirements.



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