Nice day on the TSX with more green to start off March and the new week all at once.  Today’s focus will be on the volume makers of the Toronto Venture Exchange.  Volume doesn’t always mean big moves in prices, but it can mean that there is a lot of interest in the stock so sometimes it can be a better indication of something worth investigating more than pure price movements.  Especially in penny stocks where prices can have such huge percentage swings.

Penny Stock Movers
Souther Pacific Resources (STP.V) – Volumes at 6,709,631 – $0.90
Southern Pacific Resource Corp. (Southern) is a junior company engaged in the development, exploration and production of in-situ oil sands in northern Alberta and the development and production of conventional petroleum and natural gas in Western Canada.

Result Energy (RTE.V) – Volumes at 6,197,423 – $0.385
Result Energy Inc. (Result) is an oil and gas exploration and production company. Result has interests in producing oil and gas wells in two main areas of exploration and development in central and north-west Alberta, and has a large undeveloped land position in the emerging Horn River Basin shale gas play in northeastern British Columbia

The Result Energy company has piqued my interest to perform some extra homework to see if it is a worthwhile investment.  There are already a couple of analyst who have positive recommendations on it.

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