Here are the most active stocks on Monday mid-morning on the TSX and TSX Venture Exchange.
On Monday, the top TSX mover was Uranium One Inc. (
TSX: T.UUU,
Stock Forum). It lost 1.8% and was trading at $2.67 on volume of 5.8 million shares.
On June 12, the uranium producer announced that the closing of the agreement between JSC Atomredmetzoloto, its affiliate Effective Energy, N.V. and the corporation under which Uranium One would be taken private pursuant to a plan of arrangement is now expected to occur during the third quarter of 2013. The transaction was approved on March 7, 2013 at a special meeting of Uranium One common shareholders and option holders and has received all required court approvals.
Energizer Resources Inc. (
TSX: T.EGZ,
Stock Forum) was the second most active stock on the TSX. The stock soared 86.4% and traded at $0.205 on volume of 3.1 million.
Today, the mineral exploration and development company announced that it has achieved greater than 99.9% graphitic carbon from a finished concentrate of the company's flagship Molo flake graphite deposit in Madagascar. This ultra-high purity graphite concentrate of greater than 99.9% carbon was achieved on a first-pass, single-stage hydrometallurgical purification test at SGS Canada Inc.
Alberta Oilsands Inc. (
TSX: V.AOS,
Stock Forum) was the volume leader on the TSX Venture Exchange. It rose 3.6% and was trading at $0.145 on volume of 6.5 million.
On July 26, the exploration and development company said the Province of Alberta announced that it is allocating 55,000 acres of Crown lands to the Regional Municipality of Wood Buffalo (Fort McMurray) under its Urban Development Sub-Region initiative (UDSR). As a result of the UDSR initiative, the company's oil sands leases at Clearwater will be cancelled. As a lessee to these affected leases, AOS will be compensated in accordance with existing legislation. Compensation includes cost of acquiring the lease, including annual license fees and application fees, wasted exploration and development expenditures, reclamation costs and interest of approximately 5%.
The second most active stock on the TSX Venture was Fission Uranium Corp. (
TSX: V.FCU,
Stock Forum) It fell 1.9% and was trading at $1.03 after 2.6 million shares changed hands.
Today, the resource company reported results for an additional two holes drilled on the R390E Zone on the Patterson South Lake property, located on the Athabasca Basin. Holes PLS13-073 and PLS13-075 tested the eastern and western extension of zone respectively and both
intersected mineralization. With a current strike length of 105 metres, results of these two holes have expanded the strike length of the R390E Zone by an additional 75% from the winter 2013 program.