Here are the most active stocks on Friday mid-morning on the TSX and TSX Venture Exchange.
On Friday, the top TSX mover was
Barrick Gold Corp. (
TSX: T.ABX). It fell 5.6% and was trading at $14.445 on volume of 4.2 million shares.
On July 4, Faruqi & Faruqi, LLP, a national securities law firm, announced that it is investigating potential securities fraud at the gold and copper producer.
The investigation focuses on whether the company and its executives violated federal securities laws with respect to its disclosures concerning business, operational, and compliance policies.
Surge Energy Inc. (
TSX: T.SGY) was the second most active stock on the TSX. The stock was up 0.2% and trading at $5.83 on volume of 2.5 million.
On July 3, the oil and gas company closed a $240 million acquisition of an elite, operated, 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%.
Apogee Silver Ltd. (
TSX: V.APE) was the volume leader on the TSX Venture Exchange. It rose 14.3% and was trading at $0.04 on volume of 2.5 million.
The junior exploration and development company had no related news to explain the high volume in trading.
The second most active stock on the TSX Venture was
Sea Dragon Energy Inc. (
TSX: V.SDX) It climbed 16.7% and was trading at $0.105 after 1.8 million shares changed hands.
On June 24, the oil and gas junior announced that the Al Amir SE 17 development well was successfully tested at a rate of 3,664 barrels of oil per day and that the Shehab-2 exploration has subsequently been spudded. Both wells are located in the prolific NW Gemsa concession, Egypt.