Highlighted NEX Stocks For October 23rd

Thirty-one NEX stocks traded on Tuesday. Of these, 11 advanced, 7 declined and 13 remained unchanged. There were 137 trades. The top trader in terms of raw volume, by far, was Golden Hat Resources Inc. [NEX: GHA.H], with 705,000 shares traded. According to the TSX Venture closing summary, the top trader in terms of value of shares traded for Tuesday was also Golden Hat, which also traded the most times during that day. It also placed a clear first on the top ten daily-turnover list, found below, making it the "stock of the day" on the NEX Board.

Two NEX stocks traded more than ten times on Tuesday, with the above-mentioned Golden Hat being the most numerous trader with 28 trades. The first two trades went at the previous closing price of 6.5 cents/share, which proved to be the low of the day. The next three went for 7 cents/share, and were followed by thirteen trades which all went for 7.5 cents/share. The five subsequent went for 8 cent/share, the day's high, which was followed by one trade at 7.5 cents/share. Three then went for 7 cents/share, and the last trade of the day went for the closing price of 7.5 cents/share. There seemed to be five bought blocks, comprising 300,000, 78,000, 115,000, 20,000 and 37,000 shares in seven, four, six, two and two trades respectively, as well as several sold blocks. A total of 50,000 shares or $3,250 worth went at 6.5 cents/share, 167,000 or $11,690 worth went at 7 cents/share, 423,000 shares or $31,725 worth went at 7.5 cents/share, and 65,000 or $5,200 worth of shares went at 8 cents/share. As mentioned above, GHA.H closed at 7.5 cents/share, for a gain of 1 cent/share since Monday's close.

The second-most numerous trader was the category usual, which fell short on Monday but returned on Tuesday: Silvio Ventures Inc. [NEX: SIV.H], with 25 trades. All but two of them were odd-lot-sized, and all twenty-three of those were bought through PI Financial. PI was also the sell-side institution for one of the two board-lot-sized trades, of 3,500 shares at about 2:12 PM ET. Unusually, there was a change in the price of the odd-lot'ers: the first twelve went for 49 cents/share and the others went for 50 cents/share. The three board-lot'ers all went for 53 cents/share, leaving SIV.H up 3 cents/share from the previous close on 10,968 shares' daily volume. Silvio placed seventh on the top-ten list by daily turnover of free-trading shares, found below.

There was a two-way tie for the top percentage gainer in Tuesday's trading; both of the ones that gained 33.33% on the day were the same issues that were Monday's top decliners. The first one was Biomerge Industries Ltd. [NEX: BIL.H], which closed at 2 cents/share for a gain of 0.5 cents/share on the day. The second was Global Tree Technologies Inc. [NEX: GTT.H], which also closed at 2 cents/share for a gain of 0.5 cents/share on the day. Biomerge traded seven times, with a total daily volume of 11,050 shares. Three of those trades were odd-lot'ers, which went at 0.5 cents/share. The first three of the four board lot'ers, of 1,000, 1,000 and 2,000 shares each, went at 1.5 cents/share, and the final one of 6,000 shares went at the closing price of 2 cents/share. The volumes of Global Tree traded on Tuesday was much greater than Biomerge's - 50,600 shares - even though there were fewer trades. Only one of GTT.H's five trades was odd-lot-sized. Three of the four board-lot'ers, of 20,000, 13,000 and 10,000 shares each, went at 1.5 cents/share. The last one, of 7,000 shares, went at the closing price of 2 cents/share, making for a similarity with Biomerge. Those two closes left the two issues at the same price that they were as of last Friday's close.

The top percentage decliner for Tuesday was 222 Pizza Express Corp. [NEX: PIZ.H], which closed at 0.5 cents/share for a decline of 1.5 cents/share or 75%. One trade, of 3,000 shares at about 1:41 PM ET, put 222 Pizza in this category.

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. Golden Hat Resources Inc. [NEX: GHA.H], closed at 7.5 cents for a gain of 1 cent - 2.04% of total shares outstanding;
2. Champlain Resources Inc. [NEX: CPL.H], closed at 10 cents for a loss of 1 cent - 0.617% of TSO;
3. E.G. Capital Inc. [NEX: EGC.H], closed at 12 cents for a gain of 1 cent - 0.395% of TSO;
4. Electrohome Limited class 'Y' non-voting [NEX: ELL.K], closed at 15 cents unchanged - 0.341% of TSO;
5. Avigo Resources Corp. [NEX: TMX.H], closed at 51 cents unchanged - 0.336% of TSO;
6. BHR Buffalo Head Resources Ltd. [NEX: BHR.H], closed at 20 cents for a gain of 2 cents - 0.178% of TSO;
7. Silvio Ventures Inc. [NEX: SIV.H], closed at 53 cents for a gain of 3 cents - 0.128% of TSO;
8. Rocher Deboule Minerals Corp. [NEX: RD.H], closed at 44.5 cents for a loss of 0.5 cents - 0.116% of TSO;
9. Global Tree Technologies Inc. [NEX: GTT.H], closed at 2 cents for a gain of 0.5 cents - 0.0977% of TSO;
10. Challenger Development Corp. [NEX: CDQ.H], closed at 36 cents for a loss of 3 cents - 0.0872% of TSO.

[Correction Notice: In the earlier version of this post, I forgot to include the price and proper change for Global Tree in the list just above. Apologies to anyone that was misled.]

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

TSX Nex Home Page