On Wednesday, the top TSX mover was Turquoise Hill Resources Ltd. (TSX: T.TRQ, Stock Forum). It rose 2.7% and was trading at $6.48 on volume of 15.6 million shares.
The mining company had no related news to explain the high volume in trading.
Surge Energy Inc. (TSX: T.SGY, Stock Forum) was the second most active stock on the TSX. The stock was down 1% and trading at $5.37 on volume of 3.1 million.
On June 11, the oil and gas company announced the orderly transition of the company. It will operate as a growth oriented, dividend paying company with a focus on light and medium gravity crude oil assets.
Surge also announced an accretive acquisition of an elite, operated, medium gravity crude oil producing asset in the southwest area of Saskatchewan with original oil in place of over 250 million barrels, and a recovery factor of less than 1.5 percent.
Lignol Energy Corp. (TSX: V.LEC, Stock Forum) was the volume leader on the TSX Venture Exchange. It was down 7% and was trading at $0.065 on volume of 3.4 million.
On May 27, the technology companysaid that it had agreed to acquire an additional 2.67 million shares of Territory Biofuels Ltd. (TBF), an Australian biodiesel producer, for $1 million under a TBF private placement offering transaction, which also provides for the further issuance of approximately 0.25 million shares of TBF to other shareholders of TBF.
Upon completion, LEC will become the majority shareholder with approximately 56% of the issued shares of TBF and 60% on a fully diluted basis.
The second most active stock on the TSX Venture was Rodinia Oil Corp. (TSX: V.ROZ, Stock Forum) It lost 14.3% and was trading at $0.03 after 1.8 million shares changed hands.
On May 29, the oil and gas explorer released its first quarter 2013 financial and operating results.