On Wednesday, the Barrel's Bottom Composite Index for the NEX closed at 87.48, up 1.73 points or 2.02% from its previous close of 85.75. The opening minute of trading saw the BBC Index gain more than a point, with opening advancers like Newstrike Capital [NEX: NES.H] and The Silver Recycling Company Ltd. [NEX: TSR.H] overriding two decliners in the first minute of trading: Focus Ventures Ltd. [NEX: FCV.H] and MP Western Properties Inc. [NEX: MPW.H]. The price changes give the story away: although TSR.H opened up only a penny/share, and FCV.H opened down 5 cents/share, NES.H opened up 15 cents/share. (MPW.H opened up half a cent/share.)
After leaping up to 87.12 as of 9:31 AM ET, the index jumped up a little more thanks to a 5 cent/share opening gain in the price of Electrohome Ltd. class 'Y' non-voting [NEX: ELL.K], which put its price at three cents above the last closing value of Electrohome's voting stock [NEX: ELL.H]. The BBCI at 9:39 AM, about a half-minute after that ELL.K trade, had moved up to 87.19. After a temporary dip, 87.3 was almost crossed due to an 8 cent/share opening gain in X-Tal Minerals Corp. as of about 10:08 AM.
A drop-off, beginning at 10:38 AM ET, pulled the BBCI down below 87 as of 11:05 AM ET. It stayed below 87 for a little more than two-and-a-half hours. The intermediate trough of this decline was reached at about 12:25 PM ET, when Devin Energy Corporation [NEX: DVC.H] dropped 5 cents/share from its previous close on its first and last trade of the day. Devin put the BBCI down below 86.8.
The trough proper was reached at 1:28 PM ET, six minutes before it leaped back up above 87, because of a one cent/share drop in Tapango Resources [NEX: TPA.H] that put TPA.H three cents below its previous close. This trough only lasted until the next minute, as infrequently-traded Newfoundland Goldbar Resources Inc. [NEX: NGB.H] popped up 0.5 cents/share from its previous close on Sept. 25th on its first and last trade of the day. The BBCI leapt from 86.73 to 87.37 as of 1:33 PM ET, due to a 9.5 cent/share first-trade rise in the price of Maximum Ventures Inc. [NEX: MVI.H].
The index changed little after its 1:33 PM ET leap, until the last hour of trading when it was bumped up to 87.46 as of 3:07 PM ET. ITI World Investment Group Inc. class 'A' [NEX: IWI.H] went back up to its 52-week high of 50 cents/share, for a gain of 6 cents/share above both its previous trade price and its previous close. As of about 3:33 PM ET, the BBCI got well above 87.5 thanks to a 1 cent/share rise in Tapango from its previous trade price. This level failed to hold as of the fourth-last minute of trading, though. A five cent/share drop in Focus Ventures from its previous board-lot-sized trade price, which put FCV.H at the same price it opened at, put the BBCI down to its own closing value of 87.48.
Here are the hourly values for the Barrel's Bottom Composite Index, rounded to the nearest hundredth of a point:
This is the first part of the daily NEX report. The second part covers NEX stocks that have sent out news releases during October 10th and the third part covers NEX stocks of note for that day.
After leaping up to 87.12 as of 9:31 AM ET, the index jumped up a little more thanks to a 5 cent/share opening gain in the price of Electrohome Ltd. class 'Y' non-voting [NEX: ELL.K], which put its price at three cents above the last closing value of Electrohome's voting stock [NEX: ELL.H]. The BBCI at 9:39 AM, about a half-minute after that ELL.K trade, had moved up to 87.19. After a temporary dip, 87.3 was almost crossed due to an 8 cent/share opening gain in X-Tal Minerals Corp. as of about 10:08 AM.
A drop-off, beginning at 10:38 AM ET, pulled the BBCI down below 87 as of 11:05 AM ET. It stayed below 87 for a little more than two-and-a-half hours. The intermediate trough of this decline was reached at about 12:25 PM ET, when Devin Energy Corporation [NEX: DVC.H] dropped 5 cents/share from its previous close on its first and last trade of the day. Devin put the BBCI down below 86.8.
The trough proper was reached at 1:28 PM ET, six minutes before it leaped back up above 87, because of a one cent/share drop in Tapango Resources [NEX: TPA.H] that put TPA.H three cents below its previous close. This trough only lasted until the next minute, as infrequently-traded Newfoundland Goldbar Resources Inc. [NEX: NGB.H] popped up 0.5 cents/share from its previous close on Sept. 25th on its first and last trade of the day. The BBCI leapt from 86.73 to 87.37 as of 1:33 PM ET, due to a 9.5 cent/share first-trade rise in the price of Maximum Ventures Inc. [NEX: MVI.H].
The index changed little after its 1:33 PM ET leap, until the last hour of trading when it was bumped up to 87.46 as of 3:07 PM ET. ITI World Investment Group Inc. class 'A' [NEX: IWI.H] went back up to its 52-week high of 50 cents/share, for a gain of 6 cents/share above both its previous trade price and its previous close. As of about 3:33 PM ET, the BBCI got well above 87.5 thanks to a 1 cent/share rise in Tapango from its previous trade price. This level failed to hold as of the fourth-last minute of trading, though. A five cent/share drop in Focus Ventures from its previous board-lot-sized trade price, which put FCV.H at the same price it opened at, put the BBCI down to its own closing value of 87.48.
Here are the hourly values for the Barrel's Bottom Composite Index, rounded to the nearest hundredth of a point:
- 10 AM ET: 87.19
- 11 AM ET: 87.06
- 12 PM ET: 86.87
- 1 PM ET: 86.84
- 2 PM ET: 87.31
- 3 PM ET: 87.32
- 4 PM ET/Close: 87.48
This is the first part of the daily NEX report. The second part covers NEX stocks that have sent out news releases during October 10th and the third part covers NEX stocks of note for that day.
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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