Five NEX stocks traded more than ten times on Tuesday. Most numerous in terms of trades was the same issue with the greatest raw volume, Global Tree, with 16 trades. The first trade, of 80,000 shares, went at 2.5 cents/share, but the price declined as of the second trade. That second one appears to have been part of a four-trade block of 200,000 shares: those four trades came at about the same time, and all four had BMO Nesbitt as the sell-side financial institution. They all went for 2 cents/share. The sixth through eighth trades, all going within six minutes of each other, appeared to be part of another sold block of 300,000 shares, as they all went through Scotia on the sell side: they too went for 2 cents/share each. Scotia also appeared as the buy-side financial institution for trades nine though thirteen, all made at exactly the same time (about 11:36 AM ET.) These trades were all made at 2.5 cents/share, and had a total volume of 200,000 shares. That price of 2.5 cents/share, equal to Monday's closing price, didn't hold for the last three trades, though: those last three, all of which were independent of each other, went for 2 cents/share. So, for three trade-clusters that could be reasonably identified as blocks, the bought blocks put the price of Global Tree at 2.5 cents/share, and the sold blocks put it at 2 cents/share. The remaining four trades, which were definitely independent of each other, went for 2 cents/share, except for the first which went at 2.5 cents/share. (That first was also the first trade of the day in GTT.H.) Global Tree closed at 2 cents/share, as indicated just above, for a drop of 0.5 cents/share on the day. As noted in the previous paragraph, total daily volume of GTT.H was 895,000 shares: 615,000 of them, for a value of $12.300, went at 2 cents/share, and 280,000 of them, for a value of $7,000, went at 2.5 cents/share.
There was a tie for the second-most-numerous-trader slot on Tuesday: both issues had 13 trades each. The first in this slot was Biomerge Industries Ltd. [NEX: BIL.H]. The first two trades of BIL.H, of 20,000- and 25,000-share volumes each, went for 1.5 cents/share; the rest, except for odd-lot-sized trades, went for 2 cents/share, making for a 0.5 cent/share gain for the stock with respect to Monday's close. The fourth through eighth trades all went at the same time, and all had TD Securities as the buy-side financial institution: they evidently were part of a block whose volume totaled 169,000 shares. There appeared to be two two-trade sold blocks, one of which was completely absorbed by the presumed TD-bought block and the other partially absorbed by it. All of these apparent blocks went at 2 cents/share. Three of the 13 trades in Biomerge were odd-lot-sized; all of them went for 0.5 cents/share each. The buy-side financial institution for all three of them, of 500, 500 and 400 shares volume in chronological order, was PI Financial. BIL.H closed at 2 cents/share, for a gain of 0.5 cents/share, on total daily volume of 254,400 shares.
The other issue with thirteeen trades on Tuesday was the above-mentioned Rocher Deboule, which had a strong showing almost from the get-go. The first three trades, all of which were sold through E-Trade a second after the market opened, went at 44 cents/share; this put Rocher at a 1.5 cent/share loss with respect to Monday's closing. That loss position was erased within five minutes of market's open, though, when a 4,000 share trade went at 47 cents/share. The next four trades went at 50 cents/share. Those four, plus the two following which went at 48.5 cents/share, were all bought through Canaccord, although they didn't seem to be part of a single block due to time spacing and the unevenness of the total volume. (The four at 50 cents/share, with volume totaling 22,000 shares, could have been one.) The final three trades, all bought through Blackmont, went for 48 cents/share and seem to be part of a 30,000-share bought block. Those last three left Rocher closing with a gain of 2.5 cents/share on the day, with 103,000 shares traded.
The third-place slot for most numerous trader was also occupied by two issues, each with 11 trades during the day. First of these was an issue whose Tuesday trades all went for a price equal to or greater than its previous trades. The first two trades in Cantrell Capital Corp. [NEX: CLJ.H], made at about 12:05 PM ET although both were independent of each other, went at a price equal to its previous closing price, 10 cents/share. Its price rose quickly afterwards, with the third through sixth trades being bought through E-Trade at 11, 12, 14 and 15 cents/share. These four trades totaled 5,000 shares in volume, suggesting a bought block - or part of one. What was unusual about this bought block is that the trades in it all had the same sell-side financial institution, Raymond James, as did the one following. Unless the shares sold through Raymond in those five trades were part of an iceberg order, they could not have composed a block unto themselves. (It would have been unusual if they had, as sold blocks tend to accompany a flat or declining price.) E-Trade was also on the buy side for the next two trades, which both went at 16 cents/share. The second-last trade, of 1000 shares at 18 cents/share, was bought through an anonymous financial institution; so was the final one of 10,000 shares at 20 cents/share. Both of these last two trades went at exactly the same time, at about 3:42 PM ET. All of this activity led to a doubling of the price of CLJ.H on Tuesday, on volume of 28,500 shares.
The fifth and final NEX issue to trade more than 10 times, the second one in the third-place slot for number of trades, was one of the frequent members of the more-than-ten-a-day category. Only one of the eleven trades in Silvio Ventures Inc. [NEX: SIV.H], the sixth of the day, was of board-lot size; it went for 51 cents/share. The other ten were odd-lot-sized, and all except one went at 48 cents/share. These nine were bought through PI Financial. The odd-lot-sized trade that didn't go at that price went for 63 cents/share, and it had PI on the sell side; its volume was 80 shares. Since only board-lot-sized trades are counted for price-change purposes, Silvio closed unchanged once again, at 51 cents/share, on daily volume of 2,356 shares.
The top percentage gainer in Tuesday's trading was the above-mentioned Cantrell Capital, which closed at 20 cents/share for a gain of 10 cents/share, or 100%, on the day. There was a two-way tie for the top percentage decliner slot for Tuesday: Becker Gold Mines Ltd. [NEX: BGD.H], which closed at 20 cents/share for a decline of 10 cents/share, and Electrohome Limited class 'Y' non-voting, which closed at 10 cents/share for a decline of 5 cents/share, both went down 33.33% on the day. Both of these issues trade infrequently: Becker's last trade was on August 16th and Electrohome class Y's was on October 10th. Although the latter's close put it within a cent/share of its 52-week low, it did put the non-voting shares of Electrohome at a lower price than Electrohome's class 'X' voting stock [NEX: ELL.H]. The class X shares last traded at 12 cents/share on October 5th. BGD.H traded three times on Tuesday, with total volume of 15,000 shares, which put it ninth on the top ten daily-turnover list found just below. ELL.K traded once, with volume of 4,000 shares. The first trade in Becker, of 10,000 shares, went for 20.5 cents/share.
Here is the 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):
- Rose Marie Resources Ltd. [NEX: RSR.H], closed at 12 cents for a loss of 0.5 cents - 1.95% of total shares outstanding;
- Magnate Ventures Inc. [NEX: MGV.H], closed at 22.5 cents unchanged - 1.76% of TSO;
- Global Tree Technologies Inc. [NEX: GTT.H], closed at 2 cents for a loss of 0.5 cents - 1.73% of TSO;
- Avigo Resources Corp. [NEX: TMX.H], closed at 50 cents for a loss of 1 cent - 0.432% of TSO;
- Rocher Deboule Minerals Corp. [NEX: RD.H], closed at 48 cents for a gain of 2.5 cents - 0.405% of TSO;
- Module Resources Incorporated [NEX: MLE.H], closed at 20 cents for a loss of 2.5 cents - 0.267% of TSO;
- Gold Star Resources Corp. [NEX: GXX.H], closed at 15.5 cents for a gain of 2 cents - 0.261% of TSO;
- ITI World Investment Group Inc. class 'A' [NEX: IWI.H], closed at 48 cents unchanged - 0.192% of TSO;
- Becker Gold Mines Ltd. [NEX: BGD.H], closed at 20 cents for a loss of 10 cents - 0.166% of TSO;
- Galleria Opportunities Inc. [NEX: GOI.H], closed at 20 cents for a loss of 1 cent - 0.159% 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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