Investor Ideas Snapshot for TSX Top Traders: (KEL), (BTO), (BAA), (NVA)
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Visit: Banro Corporation
New York, New York - March 7, 2013 (www.investorideas.com newswire) Investorideas.com staff: Investorideas.com, an investor research portal specializing in sector research for independent investors reports on the top traders on the TSX for March 7th, 2013.
Kelt Exploration Ltd., (TSX:KEL) trading at $5.620 gained $0.090 or 1.63% on a high volume of 4,243,629 shares, making it today's top trader on the TSX.
B2Gold Corp., (TSX:BTO) trading at $2.940 moved up $0.040 or 1.38% on a volume of 4,208,331 shares.
Banro Corporation (TSX:BAA) trading at $2.020 dropped $-0.250 or -11.01% on a volume of 3,074,041 shares.
Banro Corp., a Canadian gold miner active in the Democratic Republic of Congo, fell the most in three months after Chief Executive Officer Simon Village stepped down.
Banro dropped 9.7 percent to C$2.05; the shares earlier went down 11 percent, the most intraday since Nov. 20.
John Clarke, a Banro director since 2004, will take over as interim CEO while the company didn't give a reason for Village's departure.
Nuvista Energy Ltd., (TSX:NVA) trading at $5.570 rose $0.100 or 1.83% on a volume of 2,780,791 shares.
NuVista Energy Ltd. was pleased yesterday to announce results for the three and twelve months ended December 31, 2012 and provide an update on its future business plans. 2012 was a pivotal and successful year for NuVista as the business model was transformed in this challenging natural gas price environment. In the year end 2011 press release the company indicated that they would be carefully evaluating the business to preserve value and ensure a sustainable model without jeopardizing our financial flexibility. Nuvista has reduced long-term debt, net of working capital, from $307 million at December 31, 2011 to $30 million at December 31, 2012, enabling the company to adequately capitalize this world class play.
NuVista now has the improved asset quality and financial flexibility to provide the foundation for a growth focused business model and the creation of long-term shareholder value.
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