Thirty-four NEX stocks traded on Tuesday. Of these, 7 advanced, 9 declined and 18 remained unchanged. There were 143 trades. The top trader in terms of raw volume was The Silver Recycling Company Inc. [NEX: TSR.H], with 280,000 shares traded; Biomerge Industries [NEX: BIL.H] was a close runner-up. There were only four trades in TSR.H, but one of them was a real whopper: the third trade, of 270,000 shares at 40 cents/share, which went at about 12:48 PM ET. The sell-side financial institution was an anonymous one, the same classification as the financial institution(s) for the first two trades of 3,000 and 5,000 shares. Those first two trades went at a price equal to the previous closing price, set last Thursday, of 44 cents/share. That third trade put TSR.H down 4 cents/share, while the fourth and last trade of 2,000 shares went at 37 cents/share, which put the stock down seven cents on the day. That last trade was sold through Scotia and bought through an anonymous financial institution.
According to the TSX Venture closing summary, the top trader in terms of value of shares traded for Tuesday was Rocher Deboule Minerals Corp. [NEX: RD.H], with Silver Recycling placing a close second. Rocher Deboule traded more than ten times on Tuesday, so its daily action is described below. Silver Recycling placed first on the top ten daily-turnover list, found below, and Biomerge placed tenth; Rocher placed fifth.
Four NEX stocks traded more than ten times on Tuesday. The most numerous trader in terms of number of trades was the same as Monday's: Trilogy Metals Inc. [NEX: TRI.H]. The action was much quieter for Trilogy than it was on Monday: 33 trades of TRI.H were made on Tuesday. The price range was also much narrower than Monday's: the lowest-valued trade was made at 83 cents/share and the highest was made at 87 cents/share. Starting with the eighth trade, made at about 9:42 AM ET, the price of Trilogy settled into a range, between 85 and 87 cents/share, which implies that a temporary equilibrium value has been found for the stock. Its close of 87 cents/share, which put it up 4 cents/share on the day, was made on daily volume of 121,300 shares. 14,000 shares, or $11,620 worth, traded at 83 cents/share; 5,000 shares, or $4,200 worth, traded at 84 cents/share; 15,000 shares, or $12,750 worth, traded at 85 cents/share; 7,000 shares, or $6,020 worth, traded at 86 cents/share; 80,300 shares, or $69,861 worth, traded at 87 cents/share.
The second-most-numerous was Rocher Deboule, with 19 trades on Tuesday. After an opening trade which put the price of RD.H one cent/share above Monday's close, the price moved up relatively swiftly: by about 10:25 AM ET, it had touched 50 cents/share thanks to two presumed bought blocks, of 30,000 and 20,000 shares bought through Canaccord and TD Securities respectively, which went at about 9:37 and 10:24 AM ET respectively. Both were made up of three trades each, and each triplet went at exactly the same time. The price of Rocher's shares sunk down to 48.5 cents/share in the middle of the day's trading, but went back up to 50 cents/share four minutes after 2 PM ET. The third-last trade, of 10,000 shares made as of about 3:17 PM ET, went at a price above 50 cents/share: 52 cents/share, to be exact. The final two trades, both sold and bought through Canaccord, went at the closing price of 50 cents/share. Those two trades, which went at exactly the same time, had a combined volume of 100,000 shares. RD.H closed at that same 50 cents/share, up 4 cents/share since Monday's close, on daily volume of 232,000 shares.
The third most numerous was Biomerge Industries Ltd. [NEX: BIL.H], with 17 trades. All but the last six of them seemed to be part of three bought blocks, of 6,000, 200,000 and 45,000 shares as of 9:30, 9:48 and 10:28 AM ET respectively, which composed two, seven and two trades respectively. Except for the first two, all of these trades went at 2 cents/share. The next two trades also went at 2 cents/share, but the next three put the price down to 1.5 cents/share. Since the last trade of the day was odd-lot size, of 913 shares at 0.5 cents/share, the closing price of 1.5 cents/share was set by the second-last one. Biomerge closed unchanged on the day.
The fourth and final NEX stock to trade more than ten times on Tuesday was Golden Hat Resources Inc. [NEX: GHA.H], with 11 trades. The first three of them were all sold through RBC at the same time; they comprised 37,000 shares of GHA.H. All of those shares went at 7.5 cents/share. The next three trade, of 2,000, 6,000 and 5,000 shares respectively, were bought through BMO Nesbitt at exactly the same time, about 12:49 PM ET. They all went at 8 cents/share. The next two trades seemed to compose a sold block of 35,000 shares. Interestingly, these two trades were at the day's high of 8.5 cents/share, even though they were bought through two different financial institutions. The third-last trade of 3,000 shares was also at 8.5 cents/share, but the last two went at lower prices: 7.5 and 8 cents/share respectively in order of dissemination. Both of them had volumes of 1,000 shares each, both went at exactly the same time of about 3:41 PM ET, and both of them were sold through Blackmont. Golden Hat closed at that same 8 cents/share, unchanged from Monday's close on daily volume of 90,000 shares.
The top percentage gainer in Tuesday's trading was Avigo Resources Corp. [NEX: TMX.H], which closed at 60 cents/share for a gain of 10 cents/share, or 20%, on the day. There were nine trades in Avigo, and the stock was up quite a bit from the first trade. The first five of those trades were bought through Canaccord, although they seemed to have been composed of two bought blocks and one single trade due to them going at different times. The first and the last of those five went at 47 cents/share, and the middle three went at 48 cents/share. The next two, of 3,500 and 45,000 shares respectively, went at the same time of 2:49 PM ET and were bought through an anonymous financial institution. The last two trades, of 5,000 shares volumes each, were also made at the same time and were bought through Global Securities. They both went at 60 cents/share, and the last of those two set the closing price. Daily volume in TMX.H was 77,000 shares.
The top percentage decliner for Tuesday was Magnate Ventures Inc. [NEX: MGV.H], which closed at 25.5 cents/share for a decline of 9.5 cents/share or 27.14%. Two trades, both going at the same time and at the same price, put Magante at its closing price. Those trades were for 4,000 and 1,000 shares respectively, totaling to the daily volume of 5,000 shares; both went at 2:59 PM ET and both were sold through National Bank.
Finally, 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):
- The Silver Recycling Company Inc. [NEX: TSR.H], closed at 37 cents for a loss of 7 cents - 2.88% of total shares outstanding;
- Trilogy Metals Inc. [NEX: TRI.H], closed at 87 cents for a gain of 4 cents - 2.54% of TSO;
- Avigo Resources Corp. [NEX: TMX.H], closed at 60 cents for a gain of 10 cents - 1.24% of TSO;
- BHR Buffalo Head Resources Ltd. [NEX: BHR.H], closed at 19 cents for a loss of 1 cent - 0.939% of TSO;
- Rocher Deboule Minerals Corp. [NEX: RD.H], closed at 50 cents for a gain of 4 cents - 0.730% of TSO;
- Rose Marie Resources Ltd. [NEX: RSR.H], closed at 8.5 cents for a loss of 1 cent - 0.673% of TSO;
- Golden Hat Resources Inc. [NEX: GHA.H], closed at 8 cents unchanged - 0.261% of TSO;
- Magnate Ventures Inc. [NEX: MGV.H], closed at 25.5 cents for a loss of 9.5 cents - 0.231% of TSO;
- Monster Uranium Corp. [NEX: MU.H], closed at 43.5 cents for a gain of 1.5 cents - 0.127% of TSO;
- Biomerge Industries Ltd. [NEX: BIL.H], closed at 1.5 cents unchanged - 0.110% 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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