On Friday, the top TSX mover was Southern Pacific Resource Corp. (TSX: T.STP, Stock Forum). The stock soared 38% and was trading at $0.56 on volume of 8.2 million.
The junior oil sands exploration company had no related news to explain the high volume of trading.
Surge Energy Inc. (TSX: T.SGY, Stock Forum) was the second most active stock on the TSX. It gained 10% and was trading at $4.95 on volume of 5.6 million shares.
On May 15, the oil and gas company announced the election results for the board of directors from its 2013 annual general meeting of shareholders. Eight nominees were elected as directors of Surge to serve until the next annual meeting of shareholders.
ShaMaran Petroleum Corp. (TSX: V.SNM, Stock Forum) was the volume leader on the TSX Venture Exchange. It fell 2.3% and was trading at $0.43 on volume of 2.6 million.
On May 14, the oil development and exploration company announce its financial and operating results for the three months ended March 31, 2013. The company reported a net loss of $460,000 for the quarter.
The second most active stock on the TSX Venture was Madalena Ventures Inc. (TSX: V.MVN, Stock Forum). It was up 7.8% and was trading at $0.415 after two million shares changed hands.
On May 7, the international and domestic upstream oil and gas company posted a new corporate presentation for investors, and interested parties, on its website and announced that the annual general and special meeting of shareholders will be held in Calgary, Alberta, Canada on Tuesday, July 30, 2013 at 3:00 p.m. (Calgary time).