Wednesday, October 3, 2007

Highlighted NEX Stocks For October 3rd

Thirty-one NEX stocks traded on Wednesday. Of these, 8 advanced, 4 declined and 19 remained unchanged. There were 103 trades. The top trader in terms of raw volume was Global Tree Technologies Inc. [NEX: GTT.H], with 557,000 shares traded Tuesday. There were ten trades in GTT.H, all at the same price of 1.5 cents/share, which left it closed unchanged since Tuesday's close. The trades appeared to be composed of four sold blocks, one as large as 285,000 shares.

According to the TSX Venture closing summary, the top trader for Wednesday in terms of value of shares traded was the same as yesterday's: Toba Industries Ltd. [NEX: TBG.H]. Toba closed at 13 cents/share, up 1 cent/share since Tuesday's close; it was also the runner-up in terms of raw volume. Global Tree placed first on the top-ten list of volume traded divided by total shares outstanding, found below; Toba placed fourth.

Two NEX stocks traded more than ten times on Wednesday, the most numerous being a familiar name in this category recently. Silvio Ventures Inc. [NEX: SIV.H] traded fifteen times; as has been usual, many of those trades were odd lots (eleven in Wednesday's case,) with all of those odd lots being bought through PI Financial. All of the eleven went for 47 cents/share. PI also appeared on the sell side, dropping 5000 shares of SIV.H, in three board-lot-sized trades at the same time, about 10:12 AM ET, at 50 cents/share. The other board-lot-sized trade went for the same price, leaving SIV.H unchanged since Tuesday's close on volume of 6,672 shares.

The second most numerous trader was the above-mentioned Toba Industries, with 11 trades during the day. Nine of those eleven had five-figure volumes. The first trade went for a cent above Tuesday's closing price; the second, of 50,000 shares at 12.5 cents/share, was 0.5 cents/share above the close. Four other trades were at 13 cents/share, interspaced with ones at 12 cents/share. Since the last reported one went at the former price, Toba closed with a gain of a cent/share on the day.

The top percentage gainer in Wednesday's trading was Mazarin Inc. [NEX: MAZ.H], which closed at 10 cents/share for a gain of 3 cents/share or 42.86% on the day. Two trades of 1,000 shares each, both within one minute of each other as of 10:28-29 AM ET, put Mazarin in this spot, as well as within 0.5 cents/share of its 52-week high. Both trades had Desjardins as the buy-side financial institution, and Anonymous as the sell-side institution. So, it's impossible to tell whether it was a bought block or a sold block even though common sense suggests the former. (FYI: if one account sold 2,000 shares to one account at the same price, it wouldn't appear as 2 trades unless two unusual kinds of orders were placed.)

The top percentage decliner for Wednesday was Newstrike Capital Inc. [NEX: NES.H]. Newstrike closed at $1.10/share, down 5 cents/share for a loss of 4.35% on the day. One trade of 4,000 shares, right at the opening, put Newstrike on the top of the decliners for Wednesday.

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. Global Tree Technologies Inc. [NEX: GTT.H], closed at 1.5 cents unchanged - 1.08% of total shares outstanding;
  2. Focus Ventures Ltd. [NEX: FCV.H], closed at 35 cents for a loss of 1 cent - 0.637% of TSO;
  3. Gold Star Resources Corp. [NEX: GXX.H], closed at 13.5 cents unchanged - 0.444% of TSO;
  4. Toba Industries Ltd. [NEX: TBG.H], closed at 12 cents for a gain of 1 cent - 0.418% of TSO;
  5. Guildhall Minerals Ltd. [NEX: GDM.H], closed at 28 cents unchanged - 0.275% of TSO;
  6. 222 Pizza Express Corp. [NEX: PIZ.H], closed at 2 cents for a gain of 0.5 cents - 0.267% of TSO;
  7. HLD Land Development Limited Partnership [NEX: HLD.UN.H], closed at 23 cents for a loss of 1 cent - 0.250% of TSO;
  8. Rose Marie Resources Ltd. [NEX: RSR.H], closed at 11.5 cents unchanged - 0.219% of TSO;
  9. Abitibi Mining Corp. [NEX: ABB.H], closed at 14 cents unchanged - 0.152% of TSO;
  10. Arcland Resources Inc. [NEX: ADR.H], closed at 24 cents for a gain of 1 cent - 0.126% 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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