Here are the most active stocks on Tuesday mid-morning on the TSX and TSX Venture Exchange.
On Tuesday, the top TSX mover was
Encana Corp. (
TSX: T.ECA,
Stock Forum). The stock was up 4.8% and was trading at $19.49 on volume of 12.8 million.
Today, the energy producer announced a bold strategy to put the company back on track. The key points of the strategy include focusing its capital investment on five oil and liquids-rich resource plays in North America and lowering the company's dividend, while maintaining financial discipline and a strong balance sheet. With this strategy, the company believes it can average a more than 10% compound annual growth rate in cash flow per share through 2017.
Bombardier Inc. (
TSX: T.BBD.B,
Stock Forum) was the second most active stock on the TSX. It slipped 1.1% and was trading at $4.49 on volume of 5.7 million shares.
On November 4, the transportation equipment manufacturer announced the appointment of Éric Martel as President, Bombardier Business Aircraft. Martel succeeds Steve Ridolfi, who last week was appointed Senior Vice President, Strategy and Mergers and Acquisitions, Bombardier Inc. "Over the course of Éric's tenure at Bombardier, he has held numerous positions with increasing responsibilities, including President, Bombardier Customer Services & Specialized and Amphibious Aircraft since 2011,” said Guy C. Hachey, President and Chief Operating Officer, Bombardier Aerospace. “Éric comes to this new position with a proven and very successful track record."
Petromanas Energy Inc. (
TSX: V.PMI,
Stock Forum) was the volume leader on the TSX Venture Exchange. It gained 13% and was trading at $0.13 on volume of 49.8 million.
Today, the international oil and gas company announced that Heinz J. Scholz and Werner Ladwein have resigned from the company's board of directors to focus on other commitments, effective immediately.
The second most active stock on the TSX Venture was
Northern Iron Corp. (
TSX: V.NFE,
Stock Forum). It soared 50% and was trading at $0.015 after 2.1 million shares changed hands.
The mineral exploration company had no related news to explain the high volume in trading.