Highlighted NEX Stocks For October 15th

Forty NEX stocks traded on Monday. Of these, 7 advanced, 19 declined and 14 remained unchanged. There were 129 trades. The top trader in terms of raw volume was Gold Star Resources Corp. [NEX: GXX.H], with 155,000 shares traded. Monday wasn't a good day for GXX.H; it closed down 3.5 cents/share at 13.5 cents/share, suggesting selling pressure was responsible for the top-in-raw-volume designation. GXX.H was one of the three stocks to trade more than ten times Monday, as identified below. According to the TSX Venture closing summary, the top trader in terms of value of shares traded for Monday was also Gold Star, with Tapango Resources Ltd. [NEX: TPA.H] a close runner-up. Gold Star placed first on the top ten daily-turnover list, found below; Tapango didn't place at all.

Three NEX stocks traded more than ten times on Monday. Biomerge Industries Ltd. [NEX: BIL.H] was the most numerous in terms of trades on that day. Six of those trades were made right at the start of trading, all at the same time. Interestingly, those six were not part of a single block. Five of those trades were board-lot-sized; those went for 1.5 cents/share. One was odd-lot-sized, and it went for 0.5 cents/share. About nine minutes after the start of trading, a 4,000 share trade went at 2 cents/share, but that price failed to hold for the rest of the day: the price of BIL.H went back to 1.5 cents/share for the final three board-lot-sized trades. There were also two more odd-lot-sized trades, and they went for 0.5 cents/share too. Except for the last trade, of 1000 shares at 1.5 cents/share made as of about 1:38 PM ET, all of them were made within an hour of market's open. Biomerge closed at 1.5 cents/share, unchanged, with 56,600 shares traded during the day.

The second- and third most numerous traders were tied, with twelve each on Monday. The first was the above-mentioned Gold Star. All of GXX.H's trades had an anonymous financial institution on the sell side. Every trade was at the same price or below the previous trade price. The first three trades, all at the same time just after the market opened, were at 17, 16.5 and 16.5 cents/share respectively. The third through seventh trades, made between 9:30 and 10:05 AM ET, all had 10,000 share volumes: the first of those five went at the above-mentioned 16.5 cents/share, and the last two in this five-trade cluster went at 14 cents/share. 14 cents held for the rest of the trades except the last one. The eighth and ninth trades had 15,000-share volumes each, while the tenth and eleventh had 10,000-share volumes each. That last trade, which put Gold Star down 3.5 cents/share on the day, was for 20,000 shares. The close was within 0.5 cents/share of Gold Star's 52-week low.

The second issue to trade 12 times on Monday, and the third and final NEX stock to trade more than ten times on that day, is a familiar name in this category: Silvio Ventures Inc. [NEX: SIV.H]. What was somewhat unusual about Silvio's Monday trading is the fact that all of the twelve trades were odd-lot-sized. The first one went at 47 cents/share, and the other eleven went at 48 cents/share. Since no board-lot-sized trade affected the "official" price of SIV.H, it closed unchanged at 51 cents/share, on a daily volume of 1,439 shares.

The top percentage gainer in Monday's trading was Arcland Resources Inc. [NEX: ADR.H], which closed at 28 cents/share for a gain of 10.5 cents/share, or 60%, on the day. There were two trades of 5,000 shares each in ADR.H, both made at the same time of about 12:40 PM ET. Both had Scotia as the buy-side financial institution, suggesting a bought block of 10,000 shares had put the price up. The first trade went at 27.5 cents/share and the second went at the closing price.

The top percentage decliner for Monday was MCO Capital Inc. class 'B' [NEX: MCO.H], which closed at 33 cents/share for a decline of 12 cents/share, or 26.67%, on the day. One trade, of 3,000 shares at about 1:34 PM ET, put MCO in this slot.

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. Gold Star Resources Corp. [NEX: GXX.H], closed at 13.5 cents for a loss of 3.5 cents - 2.02% of total shares outstanding;
2. Magnate Ventures Inc. [NEX: MGV.H], closed at 22.5 cents for a loss of 0.5 cents - 0.601% of TSO;
3. BHR Buffalo Head Resources Ltd. [NEX: BHR.H], closed at 18 cents for a loss of 2 cents - 0.496% of TSO;
4. Rose Marie Resources Ltd. [NEX: RSR.H], closed at 12.5 cents unchanged - 0.439% of TSO;
5. Avigo Resources Corp. [NEX: TMX.H], closed at 51 cents for a loss of 4 cents - 0.360% of TSO;
6. Trilogy Metals Inc. [NEX: TRI.H], closed at 46 cents for a loss of 4 cents - 0.314% of TSO;
7. Datinvest International Ltd. [NEX: DAI.H], closed at 26 cents for a loss of 1.5 cents - 0.288% of TSO;
8. eReservation Systems Corp. [NEX: RSS.H], closed at 12 cents unchanged - 0.257% of TSO;
9. Golden Hat Resources Inc. [NEX: GHA.H], closed at 5.5 cents unchanged - 0.235% of TSO;
10. Toba Industries Ltd. [NEX: TBG.H], closed at 13 cents for a loss of 0.5 cents - 0.212% 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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