On Monday, the top TSX mover was Bombardier Inc. (TSX: T.BBD.B, Stock Forum). It fell 1.2% and was trading at $4.86 on volume of 2.1 million shares.
On June 6, the transportation equipment manufacturer announced the delivery of the first of 20 Q400 NextGen turboprop airliners ordered by WestJet Airlines Ltd. (TSX: T.WJA, Stock Forum). The aircraft will be operated by the new regional carrier, WestJet Encore and will serve multiple destinations, beginning in Western Canada in its first year of service. WestJet also holds options for 25 additional Q400 NextGen aircraft.
Teck Resources Ltd. (TSX: T.TCK.B, Stock Forum) was the second most active stock on the TSX. The stock was down 2.8% and trading at $24.94 on volume of two million.
On June 7, the resource company announced an exchange of certain oil sands leases relating to Teck's Frontier oil sands project.
Under the exchange, Teck transferred oil sands rights and other miscellaneous interests associated with Lease 14 to Shell Canada Energy, a subsidiary of Royal Dutch Shell (NYSE: RDS.B, Stock Forum) and Shell transferred to Teck the oil sands rights and other miscellaneous interests associated with Leases 309, 310, 351, 475, 476, 607, 608, 609 and the northeastern portion of Lease 352.
Pinecrest Energy Inc. (TSX: V.PRY, Stock Forum) was the volume leader on the TSX Venture Exchange. It gained 5.6% and was trading at $0.75 on volume of 2.8 million.
On June 5, the exploration, development, and production of petroleum and natural gas company announced that it intends to commence a normal course issuer bid to purchase, from time to time, as it considers advisable, up to 19.6 million common shares on the open market through the facilities of the TSXV.
The second most active stock on the TSX Venture was Medallion Resources Ltd. (TSX: V.MDL, Stock Forum) It rose 4.6% and was trading at $0.23 after 2.2 million shares changed hands.
Today, the rare earths company announced that its President, Don Lay, has arranged the sale through the facilities of the TSX Venture Exchange of two million common shares of Medallion held or controlled by Lay at a price of $0.20 per share.
The proceeds from the disposition will be used by Lay to fund his subscription to a private placement by Medallion of two million, common shares of Medallion at a price of $0.20 per share, for gross proceeds to Medallion of $400,000.