Three NEX stocks traded more than ten times on Thursday. The most numerous trader in terms of number of trades was the same as the raw-volume leader, Golden Hat; it traded 25 times. GHA.H leapt right out of the gate on Thursday, even though none of its trades were made within the first minute of trading. Despite the lack of a pre-open build-up, the first half-hour saw seventeen of its trades, comprising 500,000 shares' worth of volume, made. All of those trades, except for one, had five-figure volumes. As might be expected, there seemed to be at least six multi-trade blocks in the record, as they were clustered in terms of time and buy-side financial institution; the first five clusters were 100,000 shares each in totaled volume: a 100,000-share block composed of the first five trades, bought through Canaccord; another 100,000-share block composed of the sixth and seventh trades that was also bought through Canaccord; a 100,000-share block composed of trades eight through ten, bought through an anonymous financial institution; another 100,000-share block composed of trades eleven through fourteen, bought through Canaccord; and, yet another 100,000 share block, composed of trades fifteen though seventeen, that was bought through an anonymous financial institution. Later in the morning and early afternoon, 110,000 shares were bought through National Bank, as comprised of the nineteenth through the twenty-third trades. This last cluster on the buy side may not have been a single block because the last trade went two hours after the first. The last two of those five, though, went at the same time, suggesting a 50,000-share bought block. It's possible that the first three of those five were another 60,000 share block that took some time to execute. There were several presumed sell-side blocks, but they were composed of two trades and most of those doubles were of relatively little volume, except for one two-trade presumed block that was sold through E-Trade that totaled 100,000 shares.
The price action was consistent with a lot of buying pressure being visited upon Golden Hat. The first two trades went at Wednesday's closing price of 8.5 cents/share, which was the low of the day. By the third trade, the price was 9 cents/share; after a one-trade return to 8.5 cents/share, the sixth trade went at 9 cents/share. The seventh made the price 10 cents/share, where it stayed for the next seven trades. Three tests of the above-10-cent/share level were made in the next four trades, but 10 cents/share turned out to be the day's resistance level. The last eight trades were below 10 cents/share: except for the third- and second-last trade, they were at 9 cents/share, leaving Golden hat up 0.5 cents/share on the day. 58,000 shares, or $4,930 worth, traded at 8.5 cents/share; 235,000 shares, or $21,150 worth, traded at the closing price of 9 cents/share; 50,000 shares, or $4,750 worth, traded at 9.5 cents/share; 269,000 shares, or $26,900 worth, traded at 10 cents/share; and, 53,000 shares, or $5,565 worth, traded at 10.5 cents/share.
The second most numerous trader was Trilogy, with 16 trades on Thursday. The stock got off to a bullish start: the first three trades were above Wednesday's close of 90 cents/share - specifically, they went at 91, 92 and 92 cents/share respectively. All three of them, whose volumes totaled 10,000 shares, were bought through Union Securities. The next two trades saw a fallback in the price, and those included the largest-volume trade of the day. Both of these trades, of 10,000 shares at 90 cents/share and 125,000 shares at 88 cents/share, were sold through Blackmount; they both went at the same time of about 10:02 AM ET. This dump, though, failed to hold down the price. The next two trades went at 90 cents/share; the one after that, the eighth, went at 91 cents/share. The ninth and tenth went at 92 cents/share, equalling the day's high. Trades eight through ten, totaling 10,000 shares, had Blackmont as the buy-side financial institution. The last six trades, though, pushed the price back down. One of them, the second-last, was an odd-lot'er of 100 shares that went at 87 cents/share. The others went at 90 cents/share, Trilogy's closing price. The last five of the day were sold through Northern Securities, although only the first three of those, comprising 5,000 shares, seemed to be a single block. As noted just above, Trilogy closed at 90 cents/share, unchanged on the day, with daily volume of 169,100 shares.
The third most numerous trader on Thursday was a regular that hasn't been in this category for some time. Silvio Ventures Inc. [NEX: SIV.H] traded 13 times, and all except one were odd-lot-sized. As is usual for SIV.H, the price of the odd-lot'ers were significantly below the price of the board-lot'er: the first ten trades went at 51 cents/share. After the one board-lot-sized trade of 500 shares went at 56 cents/share, the next two odd-lot'ers went at 53 cents/share. Since only board-lot-sized trades are counted in the closes and changes, that eleventh trade set the closing price, and the gain of 1 cent/share. Silvio's daily volume was 2,260 shares.
The top percentage gainer in Thursday's trading was International CHS Resource Corporation [NEX: ICJ.H], which closed at 9 cents/share for a gain of 5.5 cents/share, or 157%, on the day. International CHS was the volume leader on Wednesday, and was third in terms of raw volume on Thursday. Eight trades in ICJ.H were made, with the first two, of 60,000 and 38,000 shares, going at the same time, 22 seconds after market's open. Both of them were made at 3.5 cents/share, and both were sold through an anonymous financial institution. The next two trades, of 10,000 shares each, also went at the same time, of about 10:37 AM ET. Both were bought through TD Securities; the first went at 5 cents/share and the second went at 5.5 cents/share. TD Securities was the sell-side institution for the fifth and sixth trades, of 9,000 and 5,000 shares; these went at the same time too: about 12:30 PM ET. Their prices were 5.5 cents/share and 6.5 cents/share respectively. The final two trades, of 5,000 and 1,000 shares, seemed to be independent of each other. The prices on both trades were equal to the closing price of 9 cents/share, set by the latter one. Thursday's daily volume of ICH.H was 138,000 shares, 42,000 less than Wednesday's 180,000. It placed fourth on the top-ten daily-turnover list, found just below.
The top percentage decliner for Thursday was New Meridian Mining Corp. [NEX: NWC.H], which closed at 30 cents/share for a decline of 7.5 cents/share or 20%. There were only three trades in NWC.H on Thursday, and two of them were odd-lot'ers. The board-lot'er, which set the closing price, was only one board lot in size. Total daily volume for New Meridian was 699 shares.
Finally, here is 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):
- Golden Hat Resources Inc. [NEX: GHA.H], closed at 9 cents for a gain of 0.5 cents - 1.93% of total shares outstanding;
- Rose Marie Resources Ltd. [NEX: RSR.H], closed at 9 cents for a loss of 1.5 cents - 1.92% of TSO;
- Trilogy Metals Inc. [NEX: TRI.H], closed at 90 cents unchanged - 1.14% of TSO;
- International CHS Resource Corporation [NEX: ICJ.H], closed at 9 cents for a gain of 5.5 cents - 0.935% of TSO;
- Becker Gold Mines Ltd. [NEX: BGD.H], closed at 30 cents for a gain of 14.5 cents - 0.726% of TSO;
- Electrohome Limited class 'Y' non-voting [NEX: ELL.K], closed at 15 cents unchanged - 0.683% of TSO;
- Cobre Exploration Corp. [NEX: CXV.H], closed at 12.5 cents for a loss of 2 cents - 0.549% of TSO;
- Datinvest International Ltd. [NEX: DAI.H], closed at 19 cents for a gain of 1 cent - 0.481% of TSO;
- ITI World Investment Group Inc. class 'A' [NEX: IWI.H], closed at 40 cents for a loss of 1 cent - 0.358% of TSO;
- Gold Star Resources Corp. [NEX: GXX.H], closed at 17 cents for a loss of 2 cents - 0.261% 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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