September 13th NEX

In yesterday's NEX trading, the Barrel's Bottom Composite index closed at 87.45, up 0.26 points or 0.298% from the previous day's close of 87.19. The BBC Index treaded water for the morning, after opening slightly lower from the previous day's close. After a slight rise in the early afternoon, the BBCI sunk back down to morning levels until the last hour of trading. Helped in large part by a 5-cent/share rise in Maximum Ventures Inc. [NEX: MVI.H] and a 2.5 cent/share rise in E.G. Capital Inc. [NEX: EGC.H] between 3 PM ET and the close, the BBCI went from slightly negative territory to above the break-even point, to finish the trading day at 87.45. Maximum closed at 65 cents/share, up that same 5 cents/share, and E.G. closed at 13 cents/share, up that same 2.5 cents/share.

One of the unusual aspects of yesterday's trading was the first trade in Alcor Resources [NEX: ACZ.H] since its 4-for-1 split as of August 16th. [That split's mentioned in the bottom bulletin of the TSX Venture Daily Bulletins for August 15th.] Since Alcor had last closed at 43 cents/share, pre-split, its new base price was (post-split) 0.1075 cents/share. So, the first of yesterday's three trades in ACZ.H, 14,500 shares at 11.5 cents/share, pushed Alcor up 0.75 cent/share. ACZ.H closed at 12 cents/share, up one-and-a-quarter pennies per share.

Here are the values for the Barrel's Bottom Composite for the NEX, hour by hour:

• 10 AM: 87.08
• 11 AM: 87.08 [lower than 10 AM's value, but equalized due to rounding off.]
• 12 PM: 87.04
• 1 PM: 87.26
• 2 PM: 87.10
• 3 PM: 87.12
• 4 PM/Close: 87.45

Thirty-seven NEX stocks traded yesterday. Of these, 10 advanced, 8 declined and 19 remained unchanged. There were 121 trades. The top trader in terms of raw volume was Rose Marie Resources Ltd.; it closed at 11 cents/share for a gain of 1.5 cents/share on the day, with volume of 262,250 shares. The other Barrel's Bottom report and the TSX Venture closing summary for yesterday have Rose Marie at a close #2 in terms of value of shares traded. The top spot in the latter category was taken up by Challenger Development Corp., which closed unchanged at 39 cents/share with volume of 79,000 shares. This volume put Challlenger at a not-so-close #2 on the raw-volume list. Rose Marie placed first on the the top-ten list of volume traded divided by total shares outstanding, found below, and Challenger placed third.

It was a slow news day for NEX companies. There were no news release from any NEX company that was picked up by Marketwire yesterday, nor were there any mention of NEX companies in yesterday's TSX Venture Daily Bulletins. The only release through Canjex Publishing was from Silvio Ventures Inc. [NEX: SIV.H], announcing a change in Silvio's CEO and CFO. The new person holding both spots is William J. Radvak, who's replacing former CEO/CFO Ross Wilmot. SIV.H remains under suspension; it hasn't traded since May 23rd of this year.

Another company whose trading has been halted, Infinite Resources, did not resume trading yesterday: its statements have not yet been filed with the B.C. Securities Commission. To recap from the Barrel's Bottom report for Sept. 12th NEX trading, this suspension went into effect immediately, and it hasn't been reinstated as of yet even though the financials have been released to the public. (The original Sept. 12th report was unclear on this last point.)

Two NEX stocks traded more than ten times yesterday. The most frequent trader was the above-mentioned Rose Marie Resources, with 15 trades. Except for an odd-lot trade of 250 shares at 9.5 cents/share at about 9:45 AM ET, Rose Marie traded only at 11 cents/share and 11.5 cents/share yesterday. Five of the trades were at 11.5 cents/share, and nine were at 11 cents/share. The 11.5-cent'ers were clustered in early morning trading.

The other stock was Challenger Development, also mentioned above, with 14 trades. Like Rose Marie, Challenger's trading was basically flat through the day: except for one trade of 10,000 shares at 39.5 cents/share and another of 10,000 shares at 38 cents/share, all of them were made at 39 cents/share. The 38-cent'er was the first trade of the day, and the 39.5-cent'er was the third-last. Unusually, all of the trades in CDQ.H, except for the last of the day, were for either 5,000 or 10,000 shares: eleven out of the fourteen had 5,000-share volumes. That last trade was for 4,000 shares at 39 cents/share, and was made at about 2:52 PM ET.

The top percentage gainer in yesterday's trading was the above-mentioned E.G. Capital, with a gain of 2.5 cents/share or 23.81%. One trade almost at the closing - specifically, of 9,000 shares at a price of 13 cents/share at about 3:59 PM ET - put E.G. in the top gainer's spot. EGC.H traded twice yesterday, but the other one was odd-lot size: 3 shares.

The top percentage decliner for yesterday was Mazarin Inc. [NEX: MAZ.H], which lost 1 cent/share or 15.39% to close at 5.5 cents/share. Two board-lot-sixed trades in MAZ.H did it - specifically, the second, which pushed Mazarin down from unchanged to a decline of a penny per share. The third and final trade was at a price of 3.5 cents/share, but it was odd-lot size: 220 shares.

Finally, that above-mentioned list of yesterday's top ten traders, as measured by % of total outstanding shares or daily turnover:

1. Rose Marie Resources Ltd. [NEX: RSR.H] - 6.84% of total shares outstanding;
2. Magnate Ventures Inc. [NEX: MGV.H] - 2.31% of TSO;
3. Challenger Development Corp. [NEX: CDQ.H] - 0.627%;
4. Consolidated Global Cable Systems Inc. [NEX: GCS.H] - 0.615%;
5. Gainey Resources Ltd. [NEX: GRD.H] - 0.519%;
6. Gold Star Resources Corp. [NEX: GXX.H] - 0.509%;
7. Network Exploration Ltd. class 'A' [NEX: NET.H] - 0.386%;
8. ITI World Investment Group Inc. [NEX: IWI.H] - 0.262%;
9. HLD Land Development Limited Partnership [NEX: HLD.UN.H] - 0.192%;
10. Citadel Gold Mines Inc. [NEX: CGM.H] - 0.192% [it's slighly lower than HLD.UN.H's, but was rounded off to the same number.]

NOTE: I am not affiliated with the TSX, nor is this blog. The Barrel's Bottom Composite index is not endorsed by the TSX.

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