Here are the most active stocks on Friday mid-morning on the TSX and TSX Venture Exchange.
On Friday, the top TSX mover was
Paladin Energy Ltd. (
TSX: T.PDN,
Stock Forum). It fell 16.3% and was trading at $0.77 on volume of 3.7 million shares.
Today, the uranium-focused company advised that it terminated negotiations with the lead party, and all other parties, for the sale of a minority interest in the Langer Heinrich mine, located in the Namib Desert, 80 kilometres east of the major seaport of Walvis Bay. In the view of the Board, the current depressed uranium price has meant that it is unlikely that a price that appropriately reflects the strategic value of the asset will be achieved and accordingly proceeding at this time would be detrimental to long-term shareholder value.
Bombardier Inc. (
TSX: T.BBD.B,
Stock Forum) was the second most active stock on the TSX. The stock was down 1% and trading at $4.90 on volume of 2.7 million.
On August 1, the transportation equipment manufacturer provided financial results for the second quarter ended June 30. On an adjusted basis, net income amounted to $158 million, or earnings per share of $0.09, for the second quarter ended June 30, 2013, compared to $167 million, or earnings per share of $0.09, for the same period the previous year.
Zodiac Exploration Inc. (
TSX: V.ZEX,
Stock Forum) was the volume leader on the TSX Venture Exchange. It climbed 13% and was trading at $0.085 on volume of 6.4 million.
On July 30, the oil-focused company initiated a mandate to seek a secondary listing in the United States and has accordingly commenced preliminary discussions with a number of Capital Markets firms.
The second most active stock on the TSX Venture was
Xmet Inc. (
TSX: V.XME, Stock Forum) It plummeted 33% and was trading at $0.01 after 1.5 million shares changed hands.
The exploration and development company had no related news to explain the high volume in trading.