Highlighted NEX Stocks For October 5th

Thirty NEX stocks traded on Friday. Of these, 11 advanced, 5 declined and 14 remained unchanged. There were 120 trades. The top trader in terms of raw volume, for the third day in a row, was Global Tree Technologies Inc. [NEX: GTT.H]. The daily volume of GTT.H for Friday was 548,000 shares - much subdued when compared with Thursday's, but close to Wednesday's level. Global Tree fell a penny a share to close at 2 cents/share. According to the TSX Venture closing summary, the top trader in terms of value of shares traded for Friday was Toba Industries Ltd. [NEX: TBG.H]. Toba closed at 13.5 cents/share, up 1 cent/share since Thursday's close. Global Tree placed first on the top-ten list of volume traded divided by total shares outstanding, found below; Toba placed third.

Two NEX stocks traded more than ten times on Friday, and both of them were the same issues found in this category on Thursday: Global Tree and Silvio Ventures [NEX: SIV.H]. Unlike on Thursday, though, these two were tied for first in this category, with eighteen trades each.

Global Tree started off active but, as morning (ET) turned into afternoon, activity faded off. There were four trades in the first half-hour of trading, all at a price of 2.5 cents/share, as were the following two. The next seven trades, starting with the seventh, were all at 3 cents/share, but this recovery to unchanged didn't last the morning: as of the 14th trade, made at about 11:35 AM ET, the price slipped back to 2.5 cents/share, where it stayed until the last trade of the day. That trade pushed the price down to 2 cents/share. To continue with the tabulation used in Thursday's report: 158,000 shares, or $4,740 worth, of Global Tree traded at 3 cents/share on Friday; 372,000 shares, or $9,300 worth, traded at 2.5 cents/share; and, 18,000 shares, or $360 worth, traded at 2 cents/share.

The bulk of trading activity in Silvio's shares was also in the early hours: fourteen out of SIV.H's eighteen trades were within two hours of the open. The same ratio also applies to the number of odd-lot-sized trades: only four of the eighteen were of board-lot size. All of the odd lots were, once again, bought through PI Securities at a somewhat lower price than the trade price for the board lots. The odd-lot'ers all went for 47 cents/share and the board lots all went for 50 cents/share. Two of the board lots, of 1,000 and 5,000 shares at about 10:27 AM ET and 10:39 AM ET respectively, were sold through PI; as noted above, they went for 50 cents/share. Silvio placed tenth of the top-ten daily-turnover list, found below.

The top percentage gainer in Friday's trading was International CHS Resource Corporation [NEX: ICJ.H], which closed at 5.5 cents/share for a gain of 2 cents/share, or 57.14%, on the day. Volume for ICJ.H was 101,000 shares in 5 trades. The first two trades, made within two minutes of each other (between 9:42 and 9:44 AM ET) of 50,000 and 30,000 shares respectively, went at 4 cents/share. TD Securities was the sell-side financial institution for both, suggesting a sold block. The other three trades were made at successively higher prices: 4.5, 5, and 5.5 cents/share. The last two, of 10,000 and 1,000 shares respectively, were made at the the same time, at about 12 noon ET, and had the same buy-side financial institution: Scotia. This suggests a bought block put ICJ.H at the top of the percentage gainers list for Friday.

Friday's top percentage decliner was Devin Energy Corporation [NEX: DVC.H]. Devin closed at 85 cents/share for a decline of 50 cents/share, or 37.03%, on the day. There were ten trades in DVC.H on Friday; nine of them were board-lot sized. Those nine went for prices ranging from 70 cents/share to 85 cents/share, DVC.H's closing price. It was the fourth trade, of 500 shares, that went for the lowest price of the day. After that one, made at about 12:04 PM ET, the price went back to the first board-lot-sized trade's price of 81 cents/share. The prices for the next five ranged from 83 to 85 cents/share. These ten trades were grouped by buy-side financial institution into two groups of three and seven, of 4,000 and 7,500 shares respectively. This suggests two blocks were bought at the much lower prices prevailing for DVC.H with respect to its previous close on 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. Global Tree Technologies Inc. [NEX: GTT.H], closed at 2 cents for a loss of 1 cent - 1.06% of total shares outstanding;
2. Gold Star Resources Corp. [NEX: GXX.H], closed at 17.5 cents for a gain of 2 cents - 0.783% of TSO;
3. Toba Industries Ltd. [NEX: TBG.H], closed at 13.5 cents for a gain of 1 cent/share - 0.384% of TSO;
4. Tapestry Resource Corp. [NEX: TPR.H], closed at 57 cents unchanged - 0.369% of TSO;
5. International CHS Resource Corporation [NEX: ICJ.H], closed at 5.5 cents for a gain of 2 cents - 0.346% of TSO;
6. ITI World Investment Group Inc. class 'A' [NEX: IWI.H], closed at 48 cents for a gain of 6 cents - 0.205% of TSO;
7. Challenger Development Corp. [NEX: CDQ.H], closed at 39.5 cents unchanged - 0.151% of TSO;
8. Monster Uranium Corp. [NEX: MU.H], closed at 48 cents unchanged - 0.144% of TSO;
9. Devin Energy Corporation [NEX: DVC.H], closed at 85 cents for a loss of 50 cents - 0.141% of TSO;
10. Silvio Ventures Inc. [NEX: SIV.H], closed at 50 cents unchanged - 0.116% 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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