January 6, 2012 - Investorideas.com, a leader in sector research for independent investors issues a trading alert for TSX trading leaders for January 05, 2012. The Standard & Poor's/TSX Composite Index gained 10.93 (0.09%) to close at 12,237.40.
Southern Pacific Resource Corp. (TSX:STP) was the top traded stock on the TSX moving up 0.05 (3.40%) to close at C$1.52 with more than 9.39 million shares trading after the company said that it raised its proved plus probable reserves by thirty percent to 234 million barrels of bitumen.
Coal stock, Cline Mining Corp. (TSX:CMK) added 0.36 (21.05%) to close at C$2.07 on news that the company's subsidiary New Elk Coal Company, got the last regulatory approval required for room and pillar mining in the Blue Seam on January 3, 2012.
Connacher Oil and Gas Limited (TSX: CLL) gained 10.26% to close at $0.860 after falling over 12% in the previous trading session. The stock was under selling pressure Wednesday despite the company issuing a positive statement about its fourth-quarter results.
Canacol Energy Ltd. (TSX:CNE) rose 0.070 (8.97%) to finish at C$0.85, extending its rally since late December after the company said that it has successfully drilled in the Rancho Hermoso field and added that it is well financed to go with its 2012 plan of 14 exploration and 26 development wells.
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