The bulls made a valiant effort to fight off the surging bears during Wednesday trading on the Canadian markets. For the tale of the tape, the TSX Exchange added 1.64%, while the TSX Gold was essentially unchanged and the TSX Venture Exchange, Canada’s largest junior exploration bourse, gave back 0.19% with the decliners beating out the advancers by a 350 to 327 margin on volume of 119 million shares traded.

Aurizon Mines (AMEX:AZK) inked a C$50 million bought deal financing comprising just over 9.7 million shares priced at C$5.15 each. The gold miner ended the day down C$0.51 at C$5.13.

Shares of Goldsource Mines continued to slump on the back of the last batch of drill results from the Border coal project in Saskatchewan. Goldsource fell C$0.15 to C$1.38.

Teck Cominco (NYSE:TCK) cashed in 5.6 million shares of Kinross Gold (NYSE:KGC) that it acquired in January on the sale of Teck’s sixty per cent interest in the Lobo Marte property in Chile. Teck got $18 per share for a cool $141 million. Teck ended the day up C$0.77 at C$8.74.

We may have bounced off the bottom but on a year over year comparison, the value of trades on the junior bourse is down 77.2 per cent, while the trading volumes are down 29.7 per cent. More importantly, equity financings are down 64.8 per cent over the first three months of 2009. We shall see what Thursday trading has in store.

Source: Resource Stock Roundup: Thursday, April 09th, 2009

Last 5 posts by Doug Casey

• Resource Stock Roundup:Monday, July 27, 2009 - July 27th, 2009
• Base Metals Higher - July 27th, 2009
• Crude Continues to Climb - July 27th, 2009
• Dollar Moves Lower - July 27th, 2009
• Gold Pushes Through $950 - July 27th, 2009