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Xinergy Ltd, Anderson Energy Moving in Opposite Direction in High Volume Trade

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Coal miner Xinergy Ltd. (XRG.TO) and Anderson Energy (AXL.TO), a natural-gas producer, are moving in opposite directions today while attracting plenty of trader attention. Trading volume for the two firms has topped 3.3 mln shares each - surpassing average daily volume for both issues by over a factor of 10.

There was no apparent news driving the surge in volume - with Anderson Energy rising 1.7% to 1.20 on a day when most natural-gas companies are down slightly with the price of natgas. Xinergy likewise is moving against regular form, losing 7% to 2.00 ahead of the weekly price and supply report for coal from the US Energy Information Administration on Monday.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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