Highlighted NEX Stocks For October 2nd

Thirty-five NEX stocks traded on Tuesday. Of these, 10 advanced, 10 declined and 15 remained unchanged. There were 108 trades. The top trader in terms of raw volume was Toba Industries Ltd. [NEX: TBG.H], with 212,000 shares traded Tuesday. TBG.H closed at 12 cents/share, up 2 cents/share since Monday's close. Relative newcomer Biomerge Industries Ltd. was the runner-up, with 126,000 shares traded. BIL.H closed down 0.5 cents/share at 1.5 cents/share, despite the fact that only a single board-lot trade put it at 1.5 cents/share: the other 125,000 shares went for 2 cents each. According to the TSX Venture closing summary, Toba was also the top trader for Tuesday in terms of value. It placed eighth on the top-ten list of volume traded divided by total shares outstanding, found below; Biomerge didn't place at all.

Only one NEX stock traded more than ten times [Tuesday], but it wasn't the issue that's been in this category most frequently in the last seven trading days. SMC Ventures Inc. [NEX: SMV.H] traded 13 times on Tuesday; twelve of them were for board lots, of four and five-figure volumes. There seemed to be a block of 25,000 shares, comprising 5 trades that all went for 17.5 cents/share, between 11:03 and 11:33 AM ET. Despite the 0.5-cent sag caused by these trades, the stock managed to make it back to its opening board-lot price of 18 cents/share and even climb above it on the last two (distinct) trades. SMV.H closed at 19 cents/share, up 4.5 cents/share since Monday's close, on volume of 98,100 shares.

The top percentage gainer in Tuesday's trading was that same SMC Ventures [NEX: SMV.H], which gained 31.03% on the day. SMC placed second on the top-ten daily-turnover list, found just below.

The top percentage decliner for Tuesday was the top percentage gainer for Monday's trading: the above-mentioned Biomerge Industries, which traded three times on Tuesday. The above-noted 125,000 shares traded in Biomerge had the same financial institutions on both the buy sides and sell sides, even though they went in two different trades; it was the last trade of 1,000 shares that pushed the price down 25%, enough to make it the top decliner for Tuesday.

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. Magnate Ventures Inc. [NEX: MGV.H], closed at 24.5 cents for a gain of 2.5 cents - 2.06% of total shares outstanding;
2. SMC Ventures Inc. [NEX: SMV.H], closed at 19 cents for a gain of 4.5 cents - 1.78% of TSO;
3. MP Western Properties Inc. [NEX: MPW.H], closed at 4 cents for a gain of 0.5 cents - 1.56% of TSO;
4. Galleria Opportunities Inc. [NEX: GOI.H], closed at 21 cents for a gain of 1 cent - 1.14% of TSO;
5. Avigo Resources Corp. [NEX: TMX.H], closed at 40 cents for a gain of 1 cent - 0.600% of TSO;
6. Arcland Resources Inc. [NEX: ADR.H], closed at 23 cents for a gain of 1 cent - 0.531% of TSO;
7. International CHS Resource Corporation [NEX: ICJ.H], closed at 3.5 cents unchanged - 0.447% of TSO;
8. Toba Industries Ltd. [NEX: TBG.H], closed at 12 cents for a gain of 2 cents - 0.387% of TSO;
9. Focus Ventures Ltd. [NEX: FCV.H], closed at 36 cents for a loss of 0.5 cents - 0.308% of TSO;
10. Greenshield Explorations Limited [NEX: GRX.H], closed at 30 cents unchanged - 0.308% of TSO, though slightly less than Focus'.

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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