On Friday, the Barrel's Bottom Composite Index for the NEX closed at 88.74, up 0.81 points or 0.921% from its previous close of 87.93. Despite the large jump over the entire day, the morning action in the BBCI was quite sedate. The index hardly moved in the first minute of trading, dropping less than two-hundredths of a point from Thursday's close. 1 cent/share opening drops in the price of Greenshields Exploration Limited [NEX: GRX.H] and ITI World Investment Group Class 'A' [NEX: IWI.H] were almost completely counterbalanced by a 1.5 cent/share opening gain in the price of Millstreet Industries Inc. [NEX: MLI.H], leaving the BBCI virtually unchanged as of 9:31 AM ET.
The 88 level yielded as of 9:48 AM ET, due to an opening 2.5 cent/share gain in the price of Rocher Deboule Minerals Corp. [NEX: RD.H]. Except for a 3-minute up-blip to above 88.2, caused by a 5.5 cent/share gain in Washmax Corp. [NEX: WMC.H], and a down-blip to below 87.8, caused by a 0.5 cent/share decline in Biomerge Industries Ltd. [BIL.H] that reversed itself in the next minute, the index stayed between 88.03 and 88.07 for the rest of the morning. This unusually narrow range held until 12:30 PM ET.
At that minute, it was broken on the downside by a 7 cent/share drop in the price of The Silver Recycling Company Inc. [NEX: TSR.H]. Five minutes later, the BBCI went from 87.88 to 87.79 due to a 4.5 cent/share drop in the price of Becker Gold Mines Ltd. [NEX: BGD.H]. After a partial secondary recovery, the index slipped to just above 87.7 and stayed there until 1:40 PM ET, when it faced the biggest one-minute drop of the day. A 4 cent/share opening decline in the price of Newstrike Capital Inc. [NEX: NES.H] put the BBCI down more than four tenths of a point, to just below 87.3. This point marked the low of the day, although it opened up a trough that lasted for more than fifty minutes.
Shortly after 2 PM, that trough began to be erased: a 4 cent/share opening gain in the price of Citadel Gold Mines Inc. [NEX: CGM.H] put the BBCI above 87.5, briefly. That level failed to hold, though; the index went back down, reaching 87.4 by 2:28 PM ET after spending one minute below 87.4.
As of 2:32 PM ET, the fortunes of the BBCI changed quickly. A $1.10 rise in the price of The Goldfarb Corporation [NEX: GDF.H] put the BBCI almost at 88.8. One minute later, 88.8 yielded thanks to a 0.5 cent/share interday rise in the price of Rocher Deboule.
The daily high wasn't reached until well after 3 PM, after somewhat of a fallback that ended at the 88.63 level. As of 3:34 PM ET, a 1.5 cent/share interday rise in the price of Toba Industries Ltd. [NEX: TBG.H] put the index up to the day's high of 88.86. This high melted away somewhat in the last twenty minutes of trading, not counting a two-minute drop to below 88.5 that was caused by yet another later-reversed 0.5 cent/share drop in Biomerge. A last-minute 1 cent/share drop in Gold Star Resources Corp. [NEX: GXX.H], on its only trade of the day, put the BBCI at its closing value of 88.74.
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 19th and the third part covers NEX stocks of note for that day.
[An earlier version of this part of the report has been posted at the Barrel's Bottom Blog over at Stockhouse.]
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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The 88 level yielded as of 9:48 AM ET, due to an opening 2.5 cent/share gain in the price of Rocher Deboule Minerals Corp. [NEX: RD.H]. Except for a 3-minute up-blip to above 88.2, caused by a 5.5 cent/share gain in Washmax Corp. [NEX: WMC.H], and a down-blip to below 87.8, caused by a 0.5 cent/share decline in Biomerge Industries Ltd. [BIL.H] that reversed itself in the next minute, the index stayed between 88.03 and 88.07 for the rest of the morning. This unusually narrow range held until 12:30 PM ET.
At that minute, it was broken on the downside by a 7 cent/share drop in the price of The Silver Recycling Company Inc. [NEX: TSR.H]. Five minutes later, the BBCI went from 87.88 to 87.79 due to a 4.5 cent/share drop in the price of Becker Gold Mines Ltd. [NEX: BGD.H]. After a partial secondary recovery, the index slipped to just above 87.7 and stayed there until 1:40 PM ET, when it faced the biggest one-minute drop of the day. A 4 cent/share opening decline in the price of Newstrike Capital Inc. [NEX: NES.H] put the BBCI down more than four tenths of a point, to just below 87.3. This point marked the low of the day, although it opened up a trough that lasted for more than fifty minutes.
Shortly after 2 PM, that trough began to be erased: a 4 cent/share opening gain in the price of Citadel Gold Mines Inc. [NEX: CGM.H] put the BBCI above 87.5, briefly. That level failed to hold, though; the index went back down, reaching 87.4 by 2:28 PM ET after spending one minute below 87.4.
As of 2:32 PM ET, the fortunes of the BBCI changed quickly. A $1.10 rise in the price of The Goldfarb Corporation [NEX: GDF.H] put the BBCI almost at 88.8. One minute later, 88.8 yielded thanks to a 0.5 cent/share interday rise in the price of Rocher Deboule.
The daily high wasn't reached until well after 3 PM, after somewhat of a fallback that ended at the 88.63 level. As of 3:34 PM ET, a 1.5 cent/share interday rise in the price of Toba Industries Ltd. [NEX: TBG.H] put the index up to the day's high of 88.86. This high melted away somewhat in the last twenty minutes of trading, not counting a two-minute drop to below 88.5 that was caused by yet another later-reversed 0.5 cent/share drop in Biomerge. A last-minute 1 cent/share drop in Gold Star Resources Corp. [NEX: GXX.H], on its only trade of the day, put the BBCI at its closing value of 88.74.
Here are the hourly values for the Barrel's Bottom Composite Index, rounded to the nearest hundredth of a point:
- 10 AM ET: 88.08
- 11 AM ET: 88.04
- 12 PM ET: 88.04 [slightly higher than the previous hour's level, but equalized due to rounding off.]
- 1 PM ET: 87.71
- 2 PM ET: 87.37
- 3 PM ET: 88.63
- 4 PM ET/Close: 88.74
This is the first part of the daily NEX report. The second part covers NEX stocks that have sent out news releases during October 19th and the third part covers NEX stocks of note for that day.
[An earlier version of this part of the report has been posted at the Barrel's Bottom Blog over at Stockhouse.]
NOTE: I am not affiliated with the TSX, nor is this blog. The Barrel's Bottom Composite index is not endorsed by the TSX.
TSX Nex Home Page
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