Highlighted NEX Stocks For October 26th

Thirty-four NEX stocks traded on Friday. Of these, 7 advanced, 7 declined and 19 remained unchanged. There were 104 trades. The top trader in terms of raw volume was Golden Hat Resources Inc. [NEX: GHA.H], with 172,000 shares traded. Golden Hat traded eight times on Friday: seven of those went at 7.5 cents/share and one, the second, went at 7 cents/share. That trade was for 2,000 shares. There seemed to be one bought block, comprising the third through sixth trades, of 70,000 shares of GHA.H and two sold blocks of 7,000 and 100,000 shares: those comprised the first two and the last three trades respectively. Golden Hat closed at 7.5 cents/share, 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]. All four trades in RD.H went at the same price, 46 cents/share: the volumes of them were 10,000, 20,000, 10,000 and 10,000 shares. They all had the same buy-side financial institution, Canaccord, and may have formed a 50,000-share bought block, although the time between each trade indicates that they were not. The last two trades, made at exactly the same time, both had TD Securities as the sell-side financial institution and may have been a sold block of 20,000 shares that was called forth by the day's demand. Golden Hat placed fourth on the top ten daily-turnover list, found below; Rocher placed tenth.

One NEX stock traded more than ten times on Friday. It was an issue that's usually found in this category: Silvio Ventures Inc. [NEX: SIV.H], with thirteen trades. As is also usual for Silvio, the large majority of its trades were odd-lot-sized - for Friday, all but one. The only board-lot-sized trade, the fourth of the day, went at 55 cents/share. The others went for 52 cents/share: they were all bought through PI Financial. That single board-lot'er set the closing price for SIV.H, putting it down 2 cents/share with respect to Thursday's close. Daily volume was 2,513 shares.

The top percentage gainer in Friday's trading was Magnate Ventures Inc. [NEX: MGV.H], which closed at 35 cents/share for a gain of 9.5 cents/share, or 37.26%, on the day. There were six trades in Magnate, with prices ascending from 25 cents/share to the day's close of 35 cents/share. No trades were below the previous trade's price, except for the first one which was 0.5 cents/share below the previous close as set on October 22nd. Four out of the other five trades were at prices higher than the previous one. Interestingly enough, there seemed to be only one bought block of 3,000 shares, comprising the second and third trades. Those trades, of 500 and 2,500 shares, went for 27 cents/share and 28.5 cents/share respectively. The last three trades, of 3,500, 15,000 and 2,500 shares at 28.5, 30 and 35 cents/share respectively, were definitely independent of each other. The first three trades were made in the morning, and the rest went during the afternoon. The last one, which set the closing price, went as of 3:35 PM ET - more than three hours after the fifth one went. Total daily volume for MGV.H was 24,500 shares. Magnate took first place in the top-ten daily-turnover list, found just below.

The top percentage decliner for Friday was Mazarin Inc. [NEX: MAZ.H], which closed at 6 cents/share for a decline of 1 cent/share or 14.29%. There were nine trades in MAZ.H, three of which were odd-lot-sized; all three of those went at 4 cents/share. Of the six remaining board-lot-sized trades, four went for 6 cents/share and two went for 7 cents/share. Those two, though, were the largest-volume trades: 30,000 and 20,000 shares, as of 12:01 and 12:33 PM ET respectively. They seemed to have formed a 50,000 share bought block. On the sell side, there were no discernable blocks. Total daily volume for MAZ.H was 56,450 shares. As noted above, 50,000 of them went at 7 cents/share. 5,000 shares went at the closing price of 6 cents/share, and the remaining 1,450 shares, as also noted above, went at 4 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):

1. Magnate Ventures Inc. [NEX: MGV.H], closed at 35 cents for a gain of 9.5 cents - 1.13% of total shares outstanding;
2. Rose Marie Resources Ltd. [NEX: RSR.H], closed at 9.5 cents for a loss of 0.5 cents - 0.717% of TSO;
3. Gold Star Resources Corp. [NEX: GXX.H], closed at 18 cents for a loss of 0.5 cents - 0.548% of TSO;
4. Golden Hat Resources Inc. [NEX: GHA.H], closed at 7.5 cents unchanged - 0.498% of TSO;
5. Gainey Resources Ltd. [NEX: GRD.H], closed at 32 cents unchanged - 0.493% of TSO;
6. Becker Gold Mines Ltd. [NEX: BGD.H], closed at 15.5 cents unchanged - 0.477% of TSO;
7. Avigo Resources Corp. [NEX: TMX.H], closed at 53 cents unchanged - 0.321% of TSO;
8. Champlain Resources Inc. [NEX: CPL.H], closed at 9.5 cents unchanged - 0.204% of TSO;
9. Datinvest International Ltd. [NEX: DAI.H], closed at 20 cents unchanged - 0.202% of TSO;
10. Rocher Deboule Minerals Corp. [NEX: RD.H], closed at 46 cents for a gain of 2 cents - 0.157% 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.

TSX Nex Home Page