Tuesday, December 20, 2011

Monday's TSX Trading Leaders: (TSX: ELD), (TSX: EGU), (TSX: ATP), (TSX: MFC)

December 20, 2011 - Investorideas.com, a leader in sector research for independent investors issues a trading alert for TSX trading leaders for December 19, 2011. The Standard & Poor's/TSX Composite Index fell 95.68 (-0.82%) to close the day at 11,539.70.
Eldorado Gold Corporation (TSX:ELD) was the biggest traded stock on the TSX and fell 1.93 (-12.54%) to close at C$13.46 with more than 11.38 million shares traded after the company announced an acquisition of European Goldfields Ltd. for C$2.5 billion (US$2.4 billion) in a cash and shares deal.
European Goldfields Ltd. (TSX:EGU) shares also slid by 0.56 (-4.73%) to end at C$11.28 on very unusual volume of 7.65 million shares after the company announced an acquisition of European Goldfields Ltd. for C$2.5 billion (US$2.4 billion) in a cash and shares deal.
Southern Pacific Resource Corp. (TSX:STP) added 0.02 (1.56%)) to close at C$1.30, recovering from its recent fall. The stock has a 52-week range of $0.87-$1.95.
Manulife Financial Corp. (TSX:MFC) lost 0.16 (-1.54%) to end at C$10.25 and made a new 52-week low of $10.18 with more than 6.08 million shares traded hands. Manulife Financial Corporation) is a life insurance and a holding company of The Manufacturers Life Insurance Company (MLI) and John Hancock Reassurance Company, Ltd. MFC is a financial services company serving customers in 22 countries around the world.
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