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Friday, November 18, 2011

TSX Stocks to Watch; Thursday's Trading Leaders: (TSX: HAT), (TSX: LSG), (TSX: POT), (TSX: AVR)

November 18, 2011 - Investorideas.com, a leader in sector research for independent investors issues a trading alert for TSX trading leaders for November 17, 2011. The Standard & Poor's/TSX Composite Index slumped 258.93 (-2.13%) to close the day at 11,915.43.
Hathor Exploration Limited (TSX:HAT) was the biggest stock mover on the TSX Thursday, ending higher by 0.14 (2.87%) to C$5.01 after the company announced that Rio Tinto plc., through an indirect wholly owned Canadian subsidiary (Rio Tinto), has increased its all-cash offer to acquire all of the outstanding common shares of Hathor to $4.70 per share.
Lake Shore Gold Corp. (TSX:LSG) ended lower by 0.15 (-8.67%) to C$1.58 on over 4.28 million shares, compared to its 30-day average volume of 3.97 million shares. Earlier this week, announced the completion of an initial National Instrument ("NI") 43-101 resource estimate for the Company's wholly owned Fenn-Gib property located approximately 60 km's east of Timmins, Ontario.
Potash Corp./Saskatchewan Inc. (TSX:POT) fell 1.97 (-4.28%) to C$44.11 on over 3.83 million shares, compared to its average volume of 2.68 million shares. The stock slid as agricultural commodities slumped on Euro-zone debt fears.
Avion Gold Corporation (TSX:AVR) shares slumped 0.21 (-11.35%) to close the day at C$1.64 on over 2.91 million shares on no major news. The stock has slumped over 26% in the past three trading sessions after the company said that it profit slid 2 cents a share from 4 cents as mining and processing costs nearly doubled. Avion also trimmed its production outlook for the year to 92,000-95,000 ounces of gold from its previous view of 95,000-100,000 ounces.
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