On Monday, the Barrel's Bottom Composite Index for the NEX closed at 90.04, up 2.00 points or 2.27% from its previous close of 88.04. Trilogy Metals Inc. [NEX: TRI.H] was the "stock of the day;" it's mentioned briefly in the second part of Monday's report and more copiously in the third part. It took off like a rocket after the trading halt imposed on it this morning was lifted as of 9 AM PT or noon ET. The leap upwards in the BBCI wasn't primarily caused by that stock closing at almost double the value of its previous close, though. Trilogy was only one of several influences: in fact, it wasn't the stock that vaulted the BBCI above the 89 level. The stock that did is found below.
The first minute of trading saw the BBCI up almost 0.3 points, solely due to a 0.5 cent/share opening rise in Biomerge Industries Ltd. [NEX: BIL.H]. The erasure of that gain by 9:52 AM ET put the BBCI exactly where it was as of Friday's close. No other movers appeared until 10:50 AM, when Moneta Resources [NEX: MOT.H] made a 0.5 cent/share gain that was erased six minutes later. Once again, the BBCI stood unchanged since Friday's close, this time until 10:57 AM ET.
The next move was to the downside, to below 88, due to a 7.5 cent/share drop in the price of Arcland Resources Inc. [NEX: ADR.H] as of its first board-lot-sized trade of the day. Once there, the index didn't move until 11:38 AM ET, when a 0.5 cent/share opening rise in Golden Hat Minerals Inc. [NEX: GHA.H] put it up more than 0.03 points. That rise wasn't enough to put the BBCI back above 88. Just before noon ET, it sunk further to the low of the day, just below 87.92, where it stayed for the last two minutes before 12 PM ET.
Then, Trilogy opened for trading. It was at this point that the BBCI vaulted solidly above 88, and it didn't look back. There were four trades in TRI.H in the first minute after noon ET; the fourth left TRI.H 39 cents/share above its previous close and the BBCI at 88.22. After a short-lasting pullback to 65 cents/share that took the BBCI down below 88.2 with it, Trilogy re-rallied, but it wasn't the only stock pushing the index above 88.3 as of 12:09 PM ET. A 2 cent/share opening rise in Cierra Pacific Ventures Ltd. [NEX: CIZ.H] aided too. By 12:19 PM ET, the BBCI was approaching 88.4, and climbed above it by 12:42 PM ET thanks to a 3 cent/share opening rise in Cobre Exploration Corp. [NEX: CXV.H]. A 1.5 cent/share pullback in CXV.H put the index right at 88.4, where it hung around until 1:10 PM ET when a 0.5 cent/share rise in Global Tree Technologies Inc. [NEX: GTT.H] put the BBCI above 88.45.
The BBCI's rise until 2 PM ET was solid but irregular; by that time, it was at about 88.55. A 4 cent/share rise interday rise in Challenger Development Corp. [NEX: CDQ.H] put it above 88.6 at 2:11 PM ET, and a 1 cent/share interday rise in Rocher Deboule Minerals Corp. [NEX: RD.H] put the index above 88.7. Despite these leaps, the BBCI spent the next seventy minutes drifting downwards to reach 88.59 as of 3:03 PM ET, until the final upspurt began.
It started slowly, at 3:24 PM ET, with a 1 cent/share rise in Moneta Resources that got the BBCI up to 88.65. A further 4 cent/share interday rise in Moneta got the index up to above 88.9 at 3:40 PM, but the gainer that vaulted the BBCI up more than a point, to place it above 90, was Tapango Resources Inc. [NEX: TPA.H] through a nine cent/share gain to establish the day's high for the index. After staying at 90.06 for the next ten minutes, it was pushed down gently by a last-board-lot-sized trade in Trilogy which dropped its price by 2 cents/share from the previous trade's level, leaving TRI.H at 83 cents/share for a gain of 41 cents/share from its previous close at 42 cents/share, and the BBCI at its closing value of 90.04.
Here are the hourly values for the Barrel's Bottom Composite Index, rounded to the nearest hundredth of a point:
The first minute of trading saw the BBCI up almost 0.3 points, solely due to a 0.5 cent/share opening rise in Biomerge Industries Ltd. [NEX: BIL.H]. The erasure of that gain by 9:52 AM ET put the BBCI exactly where it was as of Friday's close. No other movers appeared until 10:50 AM, when Moneta Resources [NEX: MOT.H] made a 0.5 cent/share gain that was erased six minutes later. Once again, the BBCI stood unchanged since Friday's close, this time until 10:57 AM ET.
The next move was to the downside, to below 88, due to a 7.5 cent/share drop in the price of Arcland Resources Inc. [NEX: ADR.H] as of its first board-lot-sized trade of the day. Once there, the index didn't move until 11:38 AM ET, when a 0.5 cent/share opening rise in Golden Hat Minerals Inc. [NEX: GHA.H] put it up more than 0.03 points. That rise wasn't enough to put the BBCI back above 88. Just before noon ET, it sunk further to the low of the day, just below 87.92, where it stayed for the last two minutes before 12 PM ET.
Then, Trilogy opened for trading. It was at this point that the BBCI vaulted solidly above 88, and it didn't look back. There were four trades in TRI.H in the first minute after noon ET; the fourth left TRI.H 39 cents/share above its previous close and the BBCI at 88.22. After a short-lasting pullback to 65 cents/share that took the BBCI down below 88.2 with it, Trilogy re-rallied, but it wasn't the only stock pushing the index above 88.3 as of 12:09 PM ET. A 2 cent/share opening rise in Cierra Pacific Ventures Ltd. [NEX: CIZ.H] aided too. By 12:19 PM ET, the BBCI was approaching 88.4, and climbed above it by 12:42 PM ET thanks to a 3 cent/share opening rise in Cobre Exploration Corp. [NEX: CXV.H]. A 1.5 cent/share pullback in CXV.H put the index right at 88.4, where it hung around until 1:10 PM ET when a 0.5 cent/share rise in Global Tree Technologies Inc. [NEX: GTT.H] put the BBCI above 88.45.
The BBCI's rise until 2 PM ET was solid but irregular; by that time, it was at about 88.55. A 4 cent/share rise interday rise in Challenger Development Corp. [NEX: CDQ.H] put it above 88.6 at 2:11 PM ET, and a 1 cent/share interday rise in Rocher Deboule Minerals Corp. [NEX: RD.H] put the index above 88.7. Despite these leaps, the BBCI spent the next seventy minutes drifting downwards to reach 88.59 as of 3:03 PM ET, until the final upspurt began.
It started slowly, at 3:24 PM ET, with a 1 cent/share rise in Moneta Resources that got the BBCI up to 88.65. A further 4 cent/share interday rise in Moneta got the index up to above 88.9 at 3:40 PM, but the gainer that vaulted the BBCI up more than a point, to place it above 90, was Tapango Resources Inc. [NEX: TPA.H] through a nine cent/share gain to establish the day's high for the index. After staying at 90.06 for the next ten minutes, it was pushed down gently by a last-board-lot-sized trade in Trilogy which dropped its price by 2 cents/share from the previous trade's level, leaving TRI.H at 83 cents/share for a gain of 41 cents/share from its previous close at 42 cents/share, and the BBCI at its closing value of 90.04.
Here are the hourly values for the Barrel's Bottom Composite Index, rounded to the nearest hundredth of a point:
- 10 AM ET: 88.04
- 11 AM ET: 87.92
- 12 PM ET: 87.92 [slightly less than 11 AM's value, but equalized due to rounding off.]
- 1 PM ET: 88.39
- 2 PM ET: 88.56
- 3 PM ET: 88.60
- 4 PM ET/Close: 90.04
This is the first part of the daily NEX report. The second part covers NEX stocks that have sent out news releases during October 29th 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
[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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