Here are the most active stocks on Thursday mid-morning on the TSX and TSX Venture Exchange.
On Thursday, the top TSX mover was
B2Gold Corp. (
TSX: T.BTO,
Stock Forum). The stock rose 0.5% and was trading at $2.985 on volume of 5.7 million.
On Aug. 20, the gold producer said that it had priced its previously announced offering of US$225 million aggregate principal amount of convertible senior subordinated notes due 2018. The notes will bear cash interest payable semi-annually in arrears at a rate of 3.25% per annum. The initial conversion rate for the notes will be equivalent to approximately US$3.93 per B2Gold common share.
Sulliden Gold Corp. Ltd. (
TSX: T.SUE,
Stock Forum) was the second most active stock on the TSX. It was up 0.95% and was trading at $1.06 on volume of 4.3 million shares.
The precious metals company had no related news to explain the high volume in trading.
WesternZagros Resources Ltd. (
TSX: V.WZR,
Stock Forum) was the volume leader on the TSX Venture Exchange. It fell 24.5% and was trading at $1.14 on volume of 7.8 million.
Today, the oil and gas junior fell after reporting unexpected results from the first two drill stem tests completed on the Kurdamir-3 well in the Kurdistan Region of Iraq. According to the press release, DST #1 was conducted over a perforated interval of 12 metres, between 2,776 and 2,788 metres, across a fracture zone below the base of the reservoir with the objective of proving new lowest known oil. After acidizing the interval, the zone produced a limited amount of oil and spent acid. Furthermore, DST #2 was conducted over four perforated intervals within a gross interval of 105 metres from 2,614 to 2,719 metres. After acidizing the zones, the well produced 38-degree API oil at low rates with an average water cut of 65%.
The second most active stock on the TSX Venture was
Oceanic Iron Ore Corp. (
TSX: V.FEO,
Stock Forum). It rose 5.9% and was trading at $0.09 after 5.4 million shares changed hands.
On Aug. 8, the exploration-stage company announced pot grate test work program results on iron concentrates produced from the company's Hopes Advance project, located on the coast in the Labrador Trough in Québec. The study concludes that, with the addition of limestone and dolomite, concentrates from the Company's Hopes Advance project are capable of being transformed into high quality pellets, with very low deleterious elements and compressive strengths of up to 638 lbs and swelling of 10.6%.
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