Resources Stock Roundup Wednesday July 23, 2008
Jul 23rd, 2008 | By Doug Casey | Category: Financial News, Gold MarketThe commodity bears continued to rule the day on the Canadian markets during Tuesday trading. For the tale of the tape, the TSX Exchange lost 0.20%, while the TSX Gold Index plunged 2.7% and the TSX Venture Exchange, Canada’s largest junior exploration bourse, fell 1.05% with the declining issuers beating out the advancers by a 555 to 355 margin on volume of 115 million shares traded.
QGX inked a deal that would pave the way for Kerry Holdings Limited, MCS Holding LLC and Mongolia Holdings Corp. to buy all the shares of QGX for C$5 per share in cash. QGX ended the day up C$0.38 at C$4.88.
A big winner during a down day was Northern Gold Mining (NGM). The junior reported…