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Ecuador Gold and Copper (V.EGX) up 22.7% on updated NI 43-101: Canadian market movers

Elizabeth Walters Elizabeth Walters, Stockhouse
0 Comments| December 2, 2013

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Here are the most active stocks on Monday mid-morning on the TSX and TSX Venture Exchange.

On Monday, the top TSX mover was Touchstone Gold Ltd. (TSX: T.TCH, Stock Forum). The stock was up 33% and was trading at $0.02 on volume of 3.9 million.

On November 14, the exploration-stage company reported its financial results for the three and nine months ended Sept. 30, 2013 and 2012. For the three months ended Sept. 30, 2013 the company recorded a net loss of $499,350 or $nil per share compared with a loss of $2.3 million or $0.02 per share for the three months ended Sept. 30, 2012. For the nine months ended Sept. 30, 2013 the company recorded a net loss of $16.9 million or $0.08 per share compared with a loss of $7.7 million or $0.07 per share for the nine months ended Sept. 30, 2012.

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 $0.02 on volume of 3.8 million shares.

Today, the transportation equipment manufacturer announced today that China's sole specialized regional airline, China Express Airlines, has placed a firm order for three CRJ900 NextGen airliners, as well as entered into conditional purchase agreements for five CRJ900 NextGen aircraft with options on an additional eight CRJ900 NextGen aircraft. China Express, based in Guiyang, Guizhou provides regional passenger services with its fleet of five CRJ200 aircraft and six CRJ900 NextGen aircraft.

Selwyn Resources Ltd. (TSX: V.SWN, Stock Forum) was the volume leader on the TSX Venture Exchange. It lost 6.3% and was trading at $0.075 on volume of two million.

On November 11, the metals focused exploration and development company reported that a Special Meeting of Shareholders will be held in Vancouver, British Columbia on Monday, Dec. 9, 2013 commencing at 9:30 am Pacific Time. At the meeting, shareholders will be asked to consider two special resolutions: one to effect a special distribution to Shareholders as a return of capital, and the other to consolidate the company's current number of issued and outstanding common shares

The second most active stock on the TSX Venture was Ecuador Gold and Copper Corp. (TSX: V.EGX, Stock Forum). It rose 22.7% and was trading at $0.135 after 1.8 million shares changed hands.

On November 29, the junior miner filed on SEDAR its new current "NI 43-101 Technical Report on the Condor Gold and Copper project located in Zamora, Ecuador", dated effective Oct. 16, 2013 in support of an updated mineral resource estimate for the company's Condor gold and copper project in the Zamora gold and copper belt, Southeast Ecuador of approximately 6.4 million ounces in the indicated category and approximately 2.1 million ounces in the inferred category.


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