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TSX Posts Biggest Drop In Around A Fortnight; TORC Oil & Gas Most Traded
By: MT Newswires
Canada's main stock market, the Toronto Stock Exchange, fell nearly 150 points or 1.2% on Monday - marking its biggest drop in nearly a fortnight - as lower gold and silver prices took the shine off metals and Energy stocks were lethargic with oil prices down. The Utilities sector was the biggest percentage loser, down around 2.7%.
TORC Oil and Gas (TOG.TO) was easily the most active stock with nearly 8 million shares traded. It fell 2 cents or 1.2% to $1.65, marking an end to its recent run up. It fell to around $1.56 last Tuesday when it announced its second quarter results, but rallied from there over the next few days to touch $1.70 both last Friday and again early afternoon today - before coming under renewed selling pressure.