On Tuesday, the top TSX mover was Teck Resources Ltd. (TSX: T.TCK.B, Stock Forum). The stock fell 1.8% and was trading at $25.55 on volume of 4.2 million.
Today the diversified mining company reported an adjusted profit of $328 million, or 56 cents per share, in the first quarter, down from $544 million or 93 cents per share in the same period last year.
Eastern Platinum Ltd. (TSX: T.ELR, Stock Forum) was the second most active stock on the TSX. It was down 6% and was trading at $0.08 on volume of 2.7 million shares.
On April 19, the platinum group metals producer reported the suspension of funding for the Crocodile River mine due to the continuing negative outlook in the global economic environment, the sustained weakness in PGM pricing and the current operating environment in South Africa.
Difference Capital Funding Inc. (TSX: V.DCF, Stock Forum) was the volume leader on the TSX Venture Exchange. It rose 7% and was trading at $0.385 on volume of 10.4 million.
On April 19, the merchant bank announced its financial results for the year ended Dec. 31, 2012. The highlight was revenue of $7.8 million and net income of $4.3 million.
The second most active stock on the TSX Venture was Cadillac Ventures Inc. (TSX: V.CDC, Stock Forum). It lost 33% and was trading at $0.02 after 2.3 million shares changed hands.
After the bell on April 22, the development-focused copper company said Sino-Canada, a natural resources fund, has entered into an irrevocable subscription agreement to acquire 20 million units of the company at a price of $0.06 per unit.
Sino-Canada has advanced the full $1.2 million subscription amount and such funds are being held in escrow by McMillan LLP, as escrow agent, pending formal closing of the private placement, which has been delayed pending clearance of the TSX Venture Exchange.