Saturday, October 20, 2007

Highlighted NEX Stocks For October 19th

Thirty-two NEX stocks traded on Friday. Of these, 11 advanced, 11 declined and 10 remained unchanged. There were 114 trades. The top trader in terms of raw volume was Golden Hat Resources Inc. [NEX: GHA.H], with 272,000 shares traded; Global Tree Technologies Inc. [NEX: GTT.H] was a close runner-up with 260,500 shares traded. Golden Hat was one of the NEX issues that traded more than ten times, as identified below. Global Tree wasn't; it traded only seven times on Friday. Except for one odd-lot-sized trade, all of them went at the same price, its closing price of 2 cent/share, which left Global Tree unchanged since Thursday's close.

According to the TSX Venture closing summary, the top trader in terms of value of shares traded for Friday was Rocher Deboule Minerals Corp. [NEX: RD.H]. Rocher traded eight times, with six of those going at 47.5 cents/share. The fifth trade, of 10,000 shares, went at 48 cents/share; the sixth trade, of 4,000 shares, went at 48.5 cents/share. Those two gainer trades, though, didn't carry through; the last two went at 47.5 cents/share, RD.H's closing price. Rocher ended with a gain of 2.5 cents/share on the day, on daily volume of 55,000 shares. Golden Hat placed third on the top ten daily-turnover list, found below, and Global Tree placed fifth; Rocher placed tenth.

Three NEX stocks traded more than ten times on Friday. The most numerous trader in terms of number of trades was category regular Silvio Ventures Inc. [NEX: SIV.H], which traded thirteen times. Silvio is known for most of its trades being odd-lot'ers, but Friday saw all 13 trades of SIV.H being odd-lot-sized. Thus, despite Silvio being in first place in the most-numerous-trader category, its daily volume was only 1,203 shares. The first nine of those trades went at 47 cents/share; the other four went at 48 cents/share. As is usual, all of them were bought through PI Financial. Since no board-lot-sized trade appeared, the closing price was not affected, so Silvio closed unchanged at 51 cents/share.

Second on the list was MP Western Properties Inc. [NEX: MPW.H], which traded twelve times on Friday. The first four trades in MPW.H were all odd-lot-sized, and the buy-side financial institution for all of them was Haywood. The remaining eight were all board-lot-sized, and all except the last one went at 3 cents/share. That last one, of 28,000 shares, went at 2.5 cents/share and made for the closing price, leaving MP Western with a loss of 0.5 cents/share on daily volume of 160,390 shares. All of the board-lot-sized trades had Westwind as the sell-side financial institution, suggesting a sold block of 160,000 shares. MP Western placed second on the top-ten daily-turnover list, found below.

The third and final NEX stock to trade more than ten times was the above-mentioned Golden Hat, which closed up 0.5 cents/share. The first three trades, of 10,000, 12,000 and 28,000 shares respectively, went at 6.5 cents/share; all of them were bought through TD Securities, suggesting a bought block of 50,000 shares. TD was also the buy-side financial institution for the sixth through eigth trades, whose volumes totaled 100,000 shares. Two of these trades went for 6 cents/share and one went for 6.5 cents/share. The last three trades also had a buy-side financial institution in common and summed up to 100,000 shares of volume; these ones were bought through Wolverton. All of them went for 6.5 cents/share. The third through ninth trades, as well as the last one, were all sold through NBC Securities; those had volumes totaling 200,000 shares. All of these clusters suggest that a sold block of 200,000 was put on the market, with part of it being bought up in a 100,000-share block and another part being taken up as part of a 100,000 share block later. As mentioned above, Golden Hat closed at 6.5 cents/share, up 0.5 cents/share, on 272,000 shares daily volume. The 52-week high for GHA.H is 9 cents/share; the 52-week low is 4.5 cents/share, which effectively makes the stock a flatliner for the year.

The top percentage gainer in Friday's trading was Citadel Gold Mines Inc. [NEX: CGM.H], which closed at 16 cents/share for a gain of 4.5 cents/share, or 39.13%, on the day. Two trades put Citadel at the top in this category, of 20,000 shares for 15.5 cents/share at about 2:01 PM ET and 25,000 shares for the closing price of 16 cents/share at about 3:23 PM ET. Both trades were independent of each other, and the volume of both summed up to the daily volume of 45,000 shares.

The top percentage decliner for Friday was ITI World Investment Group Inc. class 'A' [NEX: IWI.H], which closed at 36 cents/share for a decline of 12 cents/share, or 50%, on the day. IWI.H has hung around its 52-week high of 50 cents/share in recent weeks, suggesting that this drop was a pullback. (The average price from late March to late September was close to 30 cents/share.) Four trades put the price of IWI.H down: the first trade, of 23,000 shares for 47 cents/share, went right after market's open; the other three, of 40, 40 and 36 cents/share, went in the afternoon. Those last three trades all had TD Securities as the sell-side financial institution; their volumes totaled 10,000 shares. Given that ITI World is a thinly-traded issue, those three seem to have been a 10,000 share sold block. Total daily volume for IWI.H was 33,000 shares.

Finally, 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):
  1. Rose Marie Resources Ltd. [NEX: RSR.H], closed at 9.5 cents for a loss of 1.5 cents - 2.22% of total shares outstanding;
  2. MP Western Properties Inc. [NEX: MPW.H], closed at 2.5 cents for a loss of 0.5 cents - 1.98% of TSO;
  3. Golden Hat Resources Inc. [NEX: GHA.H], closed at 6.5 cents for a gain of 0.5 cents - 0.788% of TSO;
  4. Lomiko Resources Inc. [NEX: LMR.H], closed at 37 cents for a gain of 1.5 cents - 0.725% of TSO;
  5. Global Tree Technologies Inc. [NEX: GTT.H], closed at 2 cents unchanged - 0.503% of TSO;
  6. Gainey Resources Ltd. [NEX: GRD.H], closed at 32 cents for a gain of 4 cents - 0.370% of TSO;
  7. ITI World Investment Group Inc. class 'A' [NEX: IWI.H], closed at 36 cents for a loss of 12 cents - 0.288% of TSO;
  8. Citadel Gold Mines Inc. [NEX: CGM.H], closed at 16 cents for a gain of 4.5 cents - 0.287% of TSO;
  9. Avigo Resources Corp. [NEX: TMX.H], closed at 51 cents for a gain of 2.5 cents - 0.264% of TSO;
  10. Rocher Deboule Minerals Corp. [NEX: RD.H], closed at 47.5 cents for a gain of 2.5 cents - 0.216% 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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