Highlighted NEX Stocks For October 11th

Thirty-six NEX stocks traded on Thursday. Of these, 12 advanced, 12 declined and 12 remained unchanged. There were 144 trades. The top trader in terms of raw volume was Avigo Resources Corp. [NEX: TMX.H], with 336,750 shares traded. According to the TSX Venture closing summary, Avigo was also the top trader in terms of value of shares traded for Thursday, by a wide margin. A single trade of 295,000 shares at 43.5 cents/share was the main reason, but Avigo was also the most active trader in terms of number of trades. It also rallied after that trade to close at 50 cents/share, up 7 cents/share since Wednesday's close. Avigo placed a clear first in the top-ten list of volume traded divided by total shares outstanding, found below.

Three NEX stocks traded more than ten times on Thursday. The holder of the top spot in terms of number of trades was Biomerge Industries Ltd. [NEX: BIL.H], the holder of the #3 spot for raw volume. BIL.H traded 24 times on Thursday, with only two of them being odd-lot-sized trades. Four trades of Biomerge were made right at market's open: these four composed at least two blocks, and possibly were four independent trades. The three next, all made at about 9:57 AM ET, were probably part of a sold block of 20,000 shares: Desjardins was the sell-side financial institution for all of them, and all three went at exactly the same time. These seven trades, as well as the next seven board-lot-sized trades, all went at 2 cents/share. The next three board-lot-sized trades, all of which were independent of each other, went at 1.5 cents/share. This price drop didn't last, though: the next one, of 25,000 shares, went for 2 cents/share. The three that followed, the last three of the day, were all at 2.5 cents/share. Scotiabank was the buy-side financial institution for the last four trades, whose volumes totaled 50,000 shares, suggesting a bought block moved Biomerge from a 0.5 cent/share decliner to a 0.5 cent/share gainer. Biomerge closed at that same 2.5 cents/share on total daily volume of 140,200 shares. The two odd-lot-sized trades, of 900 and 300 shares, both went for 0.5 cents/share.

Second in number of trades was one of the usual habituants of this category, Silvio Ventures Inc. [NEX: SIV.H], with 16 trades on Thursday. Four of them were board-lot-sized: three of those went for 51 cents/share and the fourth went for 50 cents/share. The other twelve were odd-lot-sized: all of them went for 48 cents/share, and all of them had PI Financial as the buy-side financial institution. PI was the sell-side financial institution for the last two trades, both of board lot size: 1000 shares at 50 cents/share and 2000 shares at 51 cents/share. The latter was the last trade of the day. SIV.H closed at 51 cents/share, unchanged since Wednesday's close. Daily volume was 5,959 shares.

The third in the most-numerous-trades category was the above-mentioned Avigo Resources. That trade of 295,000 shares, the first of 13 trades of TMX.H on Thursday, put the price up by 0.5 cents/share. The next trade, of 500 shares, went for considerably more: 48.5 cents/share. The next two board-lot-sized trades went for 49 cents/share. Just before noon, the sixth trade of the day, of 10,000 shares, put the price down to 45 cents/share for a dip that didn't last very long. The last seven trades went at 50 cents/share and were made within seven minutes of each other. Canaccord was the buy-side financial institution for all seven of them, whose volume totaled 25,000 shares. Canaccord was also the buy-side financial institution for that 295,000-share trade, as well as the one that went at 45 cents/share, but it was also the sell-side financial institution for the big trade of the day.

The top percentage gainer in Thursday's trading was Specialty Foods Group Income Fund [NEX: HAM.UN.H], which closed at 2 cents/share for a gain of 0.5 cents/share, or 33.33%, on the day. Two board-lot-sized trades, of 2,000 at about 1:38 PM ET and of 13,000 shares at about 2:48 PM ET, both went at 2 cents/share. Both of them went through Scotiabank on the sell side, suggesting a possible sold block of 15,000 shares despite the time gap in between them. If so, then the price of HAM.UN.H went up on a sold block, an unusual occurrance even though Wednesday's closing price was equal to the 52-week low. The third trade, an odd-lot-sized one of 800 shares, went at 0.5 cents/share.

The top percentage decliner for Thursday was International CHS Resource Corporation [NEX: ICJ.H], which closed at 4 cents/share for a decline of 1.5 cents/share, or 27.27%, on the day. There were three trades, all board-lot-sized, which went at exactly the same time; all had BMO Nesbitt as the sell-side financial institution. All of them, with volumes totaling 63,000 shares, went at the closing price. International CHS placed third on the top-ten daily-turnover list.

Finally, that above-mentioned list of yesterday's top ten traders, as measured by % of total outstanding shares or daily turnover (all prices in per-share terms):

1. Avigo Resources Corp. [NEX: TMX.H], closed at 50 cents for a gain of 7 cents - 8.08% of total shares outstanding;
2. BHR Buffalo Head Resources Ltd. [NEX: BHR.H], closed at 30 cents for a gain of 3.5 cents - 0.519% of TSO;
3. International CHS Resource Corporation [NEX: ICJ.H], closed at 4 cents for a loss of 1.5 cents - 0.427% of TSO;
4. Trilogy Metals Inc. [NEX: TRI.H], closed at 50 cents for a gain of 11 cents - 0.387% of TSO;
5. Global Tree Technologies Inc. [NEX: GTT.H], closed at 2 cents unchanged - 0.386% of TSO;
6. Xgen Ventures Inc. [NEX: XGN.H], closed at 15.5 cents for a loss of 0.5 cents - 0.164% of TSO;
7. Rocher Deboule Minerals Corp. [NEX: RD.H], closed at 43.5 cents for a loss of 1.5 cents - 0.152% of TSO;
8. GTO Resources Inc. [NEX: GTR.H], closed at 65 cents for a gain of 8 cents - 0.135% of TSO;
9. HLD Land Development Limited Partnership [NEX: HLD.H], closed at 28 cents for a gain of 0.5 cents - 0.0925% of TSO;
10. ITI World Investment Group Inc. class 'A' [NEX: IWI.H], closed at 50 cents unchanged - 0.0873% of TSO.

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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