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 up 50% and was trading at $0.015 on volume of 8.1 million.
On December 23, the miner provided an update on the Boleo project construction schedule and the SRK Boleo technical report, based on the latest information provided to it by Minera y Metalúrgica del Boleo, S.A.P.I. de C.V. (MMB). Baja holds a 10% ownership interest in MMB and has retained one representative on the five-member MMB board of directors. The Boleo project is located in Baja California Sur, Mexico.
MMB is targeting mechanical completion of the copper circuit by the end of January 2014, but given potential manpower shortages during the holiday period there is potential that this completion may slip to the end of February.
Plant commissioning is expected to extend three months from the date of mechanical completion of the copper circuit, with first ore targeted to commence by May 1, 2014, and first copper production by June 1, 2014. The mechanical completion of the cobalt zinc circuits is now scheduled at the earliest for the middle of May 2014, with first production still scheduled at the earliest for July 1, 2014.
Rutter Inc. (
TSX: T.RUT,
Stock Forum) was the second most active stock on the TSX. It gained 100% and was trading at $0.06 on volume of 3.9 million shares.
Today the radar technology company announced that a corporation controlled by its Board of Directors (the Offerors) intends to make an unsolicited takeover bid for all of the outstanding common shares of Rutter not already owned by the Offerors and their associates on or after Jan. 17, 2014 at a price of $0.061 per common share.
Pinecrest Energy Inc. (
TSX: V.PRY,
Stock Forum) was the volume leader on the TSX Venture Exchange. It rose 4.8% and was trading at $0.44 on volume of 6.5 million.
The oil and gas junior had no related news to explain the high volume in trading.
The second most active stock on the TSX Venture was
TransGaming Inc. (
TSX: V.TNG,
Stock Forum). It climbed 44.7% and was trading at $ after million shares changed hands.
Today the technology company announced a partnership with industry leader Samsung to bring TransGaming GameTree™ TV platform to Samsung Smart TVs.