Here are the most active stocks on Monday mid-morning on the TSX and TSX Venture Exchange.
On Monday, the top TSX mover was
Air Canada (
TSX: T.AC.B,
Stock Forum). The stock gained 5.5% and was trading at $4.735 on volume of 4.7 million.
On October 4, the airliner said for the month of September, Air Canada had a system load factor of 83.2%, versus 84.9% in September 2012, and a system load factor for the third quarter of 86.2%, versus a record of 86.3% for the quarter last year. System traffic for September increased 1.9% on a system-wide capacity increase of 3.9%.
Petrowest Corp. (
TSX: T.PRW,
Stock Forum) was the second most active stock on the TSX. It gained 3.8% and was trading at $0.83 on volume of 2.7 million shares.
The pre-drilling and post-completion services company had no related news to explain the high volume in trading.
Belvedere Resources Ltd. (
TSX: V.BEL,
Stock Forum) was the volume leader on the TSX Venture Exchange. It fell 45.5% and was trading at $0.03 on volume of 1.7 million.
On October 2, the mining junior announced the results of a preliminary economic assessment on its Kopsa gold copper project in western Finland. Highlights of the base case model (pre-tax and pre-finance) included a net present value (8%) of US38.6 million with an internal rate of return of 47.6%, resulting in gross revenue of US$282 million.
The second most active stock on the TSX Venture was
KWG Resources Inc. (
TSX: V.KWG,
Stock Forum). It slipped 9.0% and was trading at $0.05 after 1.3 million shares changed hands.
On October 4, the exploration-stage company was granted a further extension of the conditional listing approval to complete the previously announced private placement of units of flow-through shares and share purchase warrants. The TSX Venture exchange has given the company until Oct. 21, 2013 to complete the balance of the placement of units. A first tranche of $300,000 has closed and a second tranche of $250,000 has been subscribed.