On Friday, the top TSX mover was Cline Mining Corp. (TSX: T.CMK, Stock Forum). The stock lost 75% and was trading at $0.01 on volume of 9.5 million.
Today, the coal mining company announced that it has made an application to the Toronto Stock Exchange to voluntarily delist its shares from the exchange. Subject to confirmation from the TSX, Cline expects that the shares will be delisted from the TSX at the close of trading on June 21, 2013.
Raging River Exploration Inc. (TSX: T.RRX) was the second most active stock on the TSX. It rose 1.3% and was trading at $3.92 on volume of 3.1 million shares.
The junior oil and gas producer had no related news to explain the high volume in trading.
Revolver Resources Inc. (TSX: V.RZ, Stock Forum) was the volume leader on the TSX Venture Exchange. It soared 16.7% and was trading at $0.035 on volume of three million.
Today, the mineral exploration and development company announced that it is in the process of completing a NI 43-101 compliant technical report related to an option agreement with Pistol Bay Mining Inc. (TSX: V.PST, Stock Forum) whereby Revolver may earn a 60% interest on the Summit B property, located in the Iskut area of northwestern British Columbia.
The NI 43-101 report will present the result of a rock, soil and silt sampling program that resulted in the recognition of two northwest-oriented gold-arsenic-copper mineralized fault structures yielding high precious metal values such as 17.9 grams per tonne gold and 18.5 grams per tonne silver as well as 10.9 grams per tonne gold and 15.9 grams per tonne silver.
The second most active stock on the TSX Venture was Madalena Ventures Inc. (TSX: V.MVN, Stock Forum). It fell 2.5% and was trading at $0.29 after 1.9 million shares changed hands.
On June 11, the oil and gas company said that the Province of Neuquén in Argentina had extended the exploration period for the Curamhuele block, in the Neuquén Basin of Argentina, by one year or until Nov. 8, 2014.
The extension provides Madalena the financial freedom to complete the remaining work commitments on the block and time to identify a potential strategic partner to accelerate exploration and development activities.