Here are the most active stocks on Tuesday mid-morning on the TSX and TSX Venture Exchange.
On Tuesday, the top TSX mover was
Canada Lithium Corp. (
TSX: T.CLQ,
Stock Forum).The stock slipped 6.3% and was trading at $0.45 on volume of 6.7 million.
Today, the lithium miner said that it has entered into an agreement with Dundee Securities Ltd. to purchase on a "bought deal" basis by way of short form prospectus, 5.21 million flow-through common shares of the company and 25 million units of the company subject to all required regulatory approval at a price per flow-through share of $0.48 for gross proceeds of $2.5 million and a price per unit of $0.40 for gross proceeds of $10 million. The gross proceeds from the flow-through shares will be used to incur Canadian Exploration Expenses (within the meaning of the Income Tax Act (Canada)) on the issuer's projects and will be renounced with an effective date of no later than Dec. 31, 2013. The net proceeds of the units will be used to advance exploration, development and for general working capital purposes.
Lundin Mining Corp. (
TSX: T.LUN,
Stock Forum) was the second most active stock on the TSX. It was up 4.0% and was trading at $4.72 on volume of 3.7 million shares.
On October 15, the base metals mining company announced that the report for the third quarter period ending Sept. 30, 2013 will be published after the close of the trading day in Toronto on Wednesday, October 30, 2013.
Symbility Solutions Inc. (
TSX: V.SY,
Stock Forum) was the volume leader on the TSX Venture Exchange. It gained 11.4% and was trading at $0.49 on volume of 5.1 million.
Today, the health insurance industries technology service provider announced that Lloyds Banking Group (LBG), one of the largest domestic property insurers in the United Kingdom, signed a contract to integrate Symbility's claims and mobile scoping tool into its organization through Symbility's European partner,
The Innovation Group plc. Under the terms of the contract, the Group will provide LBG and all of the organizations that make up LBG's buildings claims supply chain with access to its Innovation Symbility software. LBG and its supply chain partners will use the software to estimate process and complete LBG's domestic property insurance claims.
The second most active stock on the TSX Venture was
Samco Gold Ltd. (
TSX: V.SGA,
Stock Forum). It lost 25% and was trading at $0.075 after two million shares changed hands.
The precious metals exploration and development company had no related news to explain the high volume in trading.