Here are the most active stocks on Friday mid-morning on the TSX and TSX Venture Exchange.
On Friday, the top TSX mover was
Air Canada (
TSX: T.AC.B,
Stock Forum). It was up 6.6% and was trading at $5.96 on volume of 4.9 million shares.
On November 4, the airliner announced that travellers will be able to choose from a total of 107 destinations - including 40 Sun destinations - served non-stop this winter from Montréal-Trudeau. Aruba, in the Caribbean, and Freeport, Bahamas, have been added to last year's schedule. In addition, several carriers have added seats for current destinations by changing aircraft, particularly for international destinations, where capacity will be 9.0% greater than in the winter of 2012-2013.
Torex Gold Resources Inc. (
TSX: T.TXG,
Stock Forum) was the second most active stock on the TSX. The stock gained 1.1% and trading at $0.93 on volume of 2.1 million.
On November 7, the exploration and development company announced its financial results for the three and nine months ended Sept. 30, 2013. The net loss for the three and nine months decreased to $13.8 million and $41.0 million respectively, compared with a net loss of $17.2 million for the three months ended Oct. 31, 2012 and $47.8 million for nine months ended Oct. 31, 2012.
Feronia Inc. (
TSX: V. FRN,
Stock Forum) was the volume leader on the TSX Venture Exchange. It rose 33.3% and was trading at $0.08 on volume of 2.1 million.
Today, the commercial farmland and plantation operator announced that it has completed the first tranche of a US$25 million financing led by CDC Group plc (CDC), the UK Government's Development Finance Institution (DFI). CDC has acquired 151.5 million common shares of the company at a purchase price of CAD$0.10 per share for an aggregate purchase price of US$14.5 million pursuant to the terms of a subscription agreement entered into with the company.
Also in connection with the financing, the African Agriculture Fund (AAF), which is the company's largest shareholder, acquired 78.4 million common shares through its subsidiary Golden Oil Holdings Ltd. for an aggregate purchase price of $7.5 million. Proceeds from the financing will be used primarily to fund the company's existing and future oil palm replanting program.
The second most active stock on the TSX Venture was
Revolver Resources Inc. (
TSX: V.RZ,
Stock Forum) It soared 100% and was trading at $0.03 after 1.3 million shares changed hands.
Today, the exploration and development company presented a new 3D induced polarization (IP) model based upon the results of the IP (resistivity/chargeability) survey carried out on its Summit B property located in the Iskut area of northwestern British Columbia, Canada. The model reveals a strong 2.0 kilometre long-500 metre wide, NW-oriented ovoid chargeability anomaly with values reaching over 35 mV/V accompanied by low resistivity signatures.