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Surge jumps 11% on election results: Canadian market movers

Elizabeth Walters Elizabeth Walters, Stockhouse
0 Comments| May 16, 2013

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On Thursday, the top TSX mover was Surge Energy Inc. (TSX: T.SGY, Stock Forum). The stock soared 11.3% and was trading at $4.63 on volume of 8.4 million.

After the bell on May 15, the oil and gas company announcedthe election results for the board of directors from its 2013 annual general meeting of shareholders held on May 15, 2013. Eight nominees were elected as directors of Surge to serve until the next annual meeting of shareholders.

Bombardier Inc. (TSX: T.BBD.B, Stock Forum) was the second most active stock on the TSX. It was up 1.3% and was trading at $4.61 on volume of 6.4 million shares.

Today the transportation equipment manufacturer said that it has signed a comprehensive, five-year agreement with Japan Air Commuter to renew its Smart Parts program coverage for the Japanese regional carrier's 11 Q400 turboprops.

Fission Uranium Corp. (TSX: V.FCU, Stock Forum) was the volume leader on the TSX Venture Exchange. It climbed 2.7% and was trading at $0.565 on volume of 5.2 million.

Today the uranium exploration company reported assay results from another nine holes in the R00E zone at its Patterson Lake South property. The assays show a continuous area of broad uranium mineralization at shallow depth. Of particular note is hole PLS13-043 which returned an interval of 22.0 metres at 4.8% U3O8.

The second most active stock on the TSX Venture was Andover Mining Corp. (TSX: V.AOX, Stock Forum). It rose 3.2% and was trading at $0.16 after 3.8 million shares changed hands.

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



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