Investor Ideas Snapshot: TSX Top Traders: (BBD-B), (TCK-B), (FM), (CNQ)
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Visit: Bombardier Inc.
March 19, 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 19th, 2013.
Bombardier Inc., (TSX:BBD-B) trading at $4.210 gained $0.030 or 0.72% on a high volume of 5,496,967 shares, making it today's top trader on the TSX.
Bombardier Inc, the world's biggest train maker, denied on Monday a Swiss newspaper report that said it will have to pay at least 460 million Swiss francs ($490 million) to Swiss railway group SBB for late delivery of 59 double-decker trains that were ordered three years ago.
The newspaper, Der Sonntag, said on Sunday that Bombardier faced penalties ranging from 460 million to 708 million francs, depending on how long deliveries to Swiss railway group SBB were delayed.
Bombardier spokesman Marc Laforge affirmed that the Montreal-based company is not facing any penalties for the order. Delays were caused by a court challenge to SBB by advocacy groups that argued that a redesign was needed to make the trains accessible to the disabled. SBB successfully appealed a lower court ruling last month.
While awaiting the court decisions, SBB worked with Bombardier to make modifications to the trains, and the railway will cover those costs.
Teck Resources Ltd., (TSX:TCK-B) trading at $28.330 went down $-1.520 or -5.09% on a volume of 3,072,671 shares.
First Quantum Minerals Ltd., (TSX:FM) trading at $20.630 lowered by $-0.800 or -3.73% on a volume of 2,874,601 shares.
First Quantum Minerals Ltd. operates as a mining and metals company worldwide. It produces copper cathode, copper in concentrate, gold, nickel, and sulphuric acid. The company holds an 80% interest in Kansanshi, a copper-gold mine located in Zambia; and a 100% interest in the Guelb Moghrein, a copper-gold mine located in Mauritania. Its development projects include the Ravensthorpe, a nickel-cobalt project in Australia; the Kevitsa, a nickel-copper-precious group elements project in Finland; the Sentinel, a copper deposit in Zambia; the Haquira, a copper project in Peru; the Enterprise, a nickel project in Zambia; and the Fishtie, a copper project in Zambia.
Canadian Natural Resources Ltd., (TSX:CNQ) trading at $33.420 gained $0.110 or 0.33% on a volume of 2,810,040 shares.
Canadian Natural Resources Ltd., continues to trade up as the energy sector maintains the biggest gain out of the 13 subgroups on the main index, rising 1.09 per cent to 260.76 points, while the crude oil price rose 42 cents US to $93.45 per barrel on the New York Mercantile Exchange.
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