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Friday, December 02, 2011

TSX Stocks to Watch; Thursday's Trading Leaders: (TSX: ELR), (TSX: SGR), (TSX: BBD.B), (TSX: GIL)

December 2, 2011 - Investorideas.com, a leader in sector research for independent investors issues a trading alert for TSX trading leaders for Thursday December 01, 2011. The Standard & Poor's/TSX Composite Index fell 90.82 (-0.74%) to close the day at 12,113.29.
Eastern Platinum Ltd. (TSX:ELR) was the top traded stock on the TSX and ended higher by 0.010 (1.75%) to C$0.58 with more than 25.88 million shares exchanged hands, compared to its average volume of 5.41 million shares, rebounding from its 52-week low of $0.53. Eastern Platinum is a platinum group metals (PGM) producer, engaged in the mining and development of PGM deposits with properties located in South Africa.
San Gold Corp.(TSX:SGR) fell 0.04 (-2.00%) to end at C$1.96 on over 8.57 million shares, compared to its 30-day average volume of 1.15 million shares after the company announced the results of drilling conducted between January and October 2011 in and around the L10 Zone of the company's Rice Lake Mining Complex in Manitoba, Canada.
Bombardier, Inc. (TSX:BBD.B) shares climbed 0.20 (5.29%) to finish at C$3.98 on over 8.21 million shares, compared to its average volume of 7.75 million as Embraer SA and Bombardier Inc., the world's fourth- and third-biggest airplane makers respectively, see little effect from possible jet returns by AMR Corp. (AMR), which sought court protection from creditors this week, top executives from the planemakers said.
Gildan Activewear Inc. (TSX:GIL) shares slumped 7.98 (-32.54%) to close the day at C$16.54 on over 6.37 million shares the company said fourth-quarter earnings fell nearly 15%, and it said it expects a loss in the first quarter. It also expects fiscal 2012 adjusted earnings of about $1.30 a share, down from $2.01 in the year just ended.
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