Here are the most active stocks on Tuesday mid-morning on the TSX and TSX Venture Exchange.
On Tuesday, the top TSX mover was
Baja Mining Corp. (
TSX: T.BAJ,
Stock Forum). The stock was down 66.7% and was trading at $0.005 on volume of 28 million.
On November 14, the miner filed its unaudited condensed interim consolidated financial statements for the period ended Sept. 30, 2013. Baja reported a loss for the period attributable to shareholders of the company of $1.2 million, compared to a loss of 149.2 million in the three months ended September 30, 2012.
Baja has steadily fallen throughout the year after losing most of the stake in its Boleo copper-cobalt-zinc manganese project in California Sur, Mexico, due to a lack of construction funding. The company currently holds 10% of the project.
Bank of Montreal (
TSX: T.BMO,
Stock Forum) was the second most active stock on the TSX. It slipped 4.8% and was trading at $69.99 on volume of 3.6 million shares.
The Bank of Montreal's annual net profit hit a record $4.2 billion in 2013. That included $1.088 billion of net income in the fourth quarter, which was up 1.0% from a year earlier. Its adjusted net income fell 2.0% from a year ago to $1.102 billion or $1.64 a share but that beat expectations of $1.58 a share. Additionally, the bank's quarterly dividend will be increased by two cents to 76 cents per common share.
Novus Energy Inc. (
TSX: V.NVS,
Stock Forum) was the volume leader on the TSX Venture Exchange. It fell 0.4% and was trading at $1.155 on volume of 2.8 million.
On November 29, the oil and gas company announced that it had filed its unaudited results for the period ended Sept. 30, 2013. Net income for the three months ended Sept. 30, 2013 increased 332% to $7.43 million from $1.72 million recorded in the comparative period of 2012. For the nine months ended Sept. 30, 2013 net income increased 188% to $16.30 million from $5.65 million recorded in the comparative period of 2012.
The second most active stock on the TSX Venture was
Mangazeya Mining Ltd. (
TSX: V.MGZ.H,
Stock Forum). It rose 33% and was trading at $0.015 after 2.4 million shares changed hands.
On November 29, the exploration company had filed its results for the period ended Sept. 30, 2013. Mangazeya said net loss for the period from continuing operations after tax and finance was $2.9 million compared to a net income from continuing operations after tax and finance of $2.0 million for the corresponding period in the previous year;
The occurrence of a net loss after tax and finance costs from continuing operations for the three months ended Sept. 30, 2013 compared with net income in the corresponding period of 2012, resulted from reduced revenue, higher costs of sales per ounce and a lower gross profit.