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Investor Ideas Snapshot; TSX Top Traders: (BBD-B), (IMG), (KEL), (ELD)

Category: Investment

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Visit: Eldorado Gold Corp.

New York, New York - March 8, 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 8th, 2013.

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Bombardier Inc., (TSX:BBD-B) trading at $4.100 rose up $0.070 or 1.74% on a high volume of 16,139,279 shares, making it today’s top trader on the TSX.

Bombardier Aerospace says its CS300 passenger jets will have a capacity of 160 seats, up from the previously announced 149, in an effort to improve the economics of operating the new planes.

The company announced the increased capacity during a briefing yesterday at its facility in Mirabel, north of Montreal, where officials showed off the first completed CSeries plane.

The first flight of the long-awaited CSeries jets -- Bombardier's new family of planes for commercial airlines -- is expected by the end of June.

The CSeries 100 jet will have 100 to 125 seats and the CSeries 300 jet will have 135 to 160 seats.

IAMGOLD Corp., (TSX:IMG) trading at $6.680 gained $0.280 or 4.37% on a volume of 8,943,382 shares.

IAMGOLD Corporation announced earlier this week that the Company has initiated a program to reduce annualized spending by $100 million. This will be achieved through cost-cutting initiatives aimed at reducing mine operating costs, exploration expenditures and mine site and corporate general and administrative costs. The Company ended 2012 with over $1 billion in cash and gold bullion.

Kelt Exploration Ltd., (TSX:KEL) trading at $6.365 moved up $0.625 or 10.89% on a volume of 6,541,216 shares.

Kelt Exploration Ltd., was pleased today to announce a brokered and non-brokered equity financing for gross aggregate proceeds of $94.35 million .

Kelt is pleased to announce that it has entered into an agreement with a syndicate of underwriters led by Peters & Co. Limited, and including FirstEnergy Capital Corp., RBC Capital Markets, Scotia Capital Inc., CIBC World Markets Inc., Cormark Securities Inc., Dundee Securities Ltd., Macquarie Capital Markets Canada Ltd., National Bank Financial Inc., GMP Securities Inc., and Stifel Nicolaus Canada Inc., under which the Underwriters have agreed to purchase for resale to the public, on a bought deal private placement basis, 11.0 million common shares of Kelt at a price of $5.55 per common share, resulting in gross proceeds of $61,050,000 .

Eldorado Gold Corp., (TSX:ELD) trading at $9.780 dropped $-0.060 or -0.61% on a volume of 6,175,664 shares.

Investorideas.com Newswire

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