Here are the most active stocks on Thursday mid-morning on the TSX and TSX Venture Exchange.
On Thursday, the top TSX mover was
TORC Oil & Gas Ltd. (
TSX: T.TOG,
Stock Forum). The stock gained 1.3% and was trading at $1.51 on volume of 6.8 million.
On July 16, the exploration, development and production company announced a $510 million acquisition of low decline, high netback, light oil producing assets in southeast Saskatchewan and a strategic transition of the company's business model to an intermediate light oil producer paying sustainable dividends while also delivering disciplined per share production growth.
B2Gold Corp. (
TSX: T.BTO,
Stock Forum) was the second most active stock on the TSX. It rose 1.7% and was trading at $3.05 on volume of 6.6 million shares.
On July 17, the gold producer announced further positive drilling results from the exploration program at the Otjikoto gold project in Namibia. Highlights from the drilling program included 18.85 metres at 5.84 grams per tonne gold, including 13.75 metres of 7.0 grams per tonne gold and 24.6 metres grading 5.35 grams per tonne gold, including 8.8 metres of 11.26 grams per tonne gold.
Lignol Energy Corp. (
TSX: V.LEC,
Stock Forum) was the volume leader on the TSX Venture Exchange. It climbed 13% and was trading at $0.13 on volume of 8.1 million.
The biofuels producer had no related news to explain the high volume in trading.
The second most active stock on the TSX Venture was
Samaranta Mining Corp. (
TSX: V.SAX,
Stock Forum). It soared 300% and was trading at $0.02 after 6.5 million shares changed hands.
Today, the mining junior announced that it has signed a lease agreement for the Spanish Canyon project, located in north-central Nevada. Based on extensive exploration work already completed, Spanish Canyon has the potential to host sediment-hosted gold, similar to that found on the Carlin and Cortez Trends in northern Nevada. Furthermore, based on results from the geophysics, the extensive soil survey and earlier geologic mapping and sampling programs, a first phase reverse-circulation drill program is ready for permitting. Under the terms the agreement the company acquired from Mountain Gold Claims, LLC the rights to 94 unpatented lode mining claims located near Gabbs, Nevada. The agreement requires the company to make advance royalty payments of $5,000 cash and 200,000 shares of its common stock upon signing, with further
cash and common share payments on each anniversary date of the agreement.