The Canadian PressDecember 5, 2013 17:24
CALGARY - Shares in Precision Drilling Corp. (TSX:PD) dropped Thursday as its largest shareholder, Alberta Investment Management Corp., sold its entire 20 per cent stake in the oilfield services giant.
The stock closed at $9.33 on the Toronto Stock Exchange, a drop of more than nine per cent. It traded as low as $9.20, 10.3 per cent lower than Wednesday's close, earlier in the session.
Precision was the most actively traded stock on the Toronto Stock Exchange, with more than 74 million shares changing hands.