Highlighted NEX Stocks For October 31st

Forty-two NEX stocks traded on Wednesday. Of these, 20 advanced, 12 declined and 10 remained unchanged. There were 184 trades. The top trader in terms of raw volume was International CHS Resource Corporation [NEX: ICJ.H], with 180,000 shares traded. Unusually, all four of ICJ.H's trades came at exactly the same time, at about 1:57 PM ET. They also had the same sell-side financial institution, Union Securities. So, and this is rather rare for a NEX stock in this slot, the top trader in terms of raw volume made the spot on only a single (presumed) sold block. There were no other trades in CHS on Wednesday. The third trade, of 98,000 shares, went at 3 cents/share; the others went at 3.5 cents/share. Since those others included the last one, ICJ.H closed at 3.5 cents/share, down 0.5 cents/share on the day.

According to the TSX Venture closing summary, the top trader in terms of value of shares traded for Wednesday was the runner-up in terms of raw volume, Trilogy Metals Inc. [NEX: TRI.H], Trilogy traded more than ten times on Wednesday, so its daily action is described below. International CHS placed first on the top ten daily-turnover list, found below; Trilogy placed second. Wednesday was one of the few days when the ranking of the top two traders in terms of raw volume and daily turnover of free-trading shares was the same.

Two NEX stocks traded more than ten times on Wednesday. The most numerous trader in terms of number of trades, as it has been two days previous, was Trilogy Metals Inc. [NEX: TRI.H]. The number of trades in Trilogy was two more than it was on Tuesday: 35. It opened at 87 cents/share, and stayed there for two trades. Not counting an odd-lot-sized trade, the next eleven went at 88 cents/share. After a test of the 90 cent level that comprised four trades, one at 89 cents/share and the other three at 90 cents/share, Trilogy returned to 88 cents/share, where it stayed (except for another odd-lot'er) for the next eight trades. The twenty-eigth trade saw Trilogy's price return to 90 cents/share, where it stayed for the next five trades. After one at 91 cents/share, Trilogy's price returned to 90 cents/share for two more trades, where it closed for a gain of 3 cents/share from Tuesday's close. 500 shares, or $425 worth, went at 85 cents/share; 5000 shares, or $4,350 worth, went at 87 cents/share; 108,000 shares, or $95,040 worth, went at 88 cents/share; 5000 shares, or $4,450 worth, went at 89 cents/share; 29,000 shares, or $26,100 worth, went at 90 cents/share; and, 500 shares, or $455 worth, went at 91 cents/share. Total daily volume was 148,000 shares. As was the case on Tuesday and Monday, any multi-trade blocks in Trilogy's trade record on Wednesday were not that big relative to the size of the individual trades.

The second most numerous trader was Rocher Deboule, with 19 trades on Wednesday. The first trade in Rocher was at the same price as Tuesday's close, 50 cents/share. The next seven were at 52 cents/share. Interestingly, the second through fourth trades seemed to be composed of a 10,000 share sold block, with TD Securities being the sell-side financial institution. The last three of those seven, or the sixth through eighth trades, seemed to be a bought block of 20,000 shares that had Canaccord as the buy-side financial institution. The ninth trade, of 20,000 shares as of about 11:07 AM ET, went at 53 cents/share: the five subsequent, of 1,000, 5,000, 1,500, 2,000 and 500 shares, went at 51, 50, 50, 49 and 48.5 cents/share respectively: all of them were sold through the same financial institution that was on the sell side of the 53 cent'er: Canaccord. Seemingly, those six trades were part of a sold block of 30,000 shares, one which depressed the price of RD.H temporarily. After those trades went through, the price went back up above 50 cents/share: the last five trades of the day were all at the closing price of 51 cents/share. This close put Rocher up 1 cent/share from Tuesday's close, on daily volume of 80,000 shares.

The top percentage gainer in Wednesday's trading was Landmark Global Financial Corporation [NEX: LST.H], which closed at 5 cents/share for a gain of 2.5 cents/share, or 100%, on the day. One board lot of 3,000 shares put the price at this close; the other trade in LST.H was an odd-lot'er of 8 shares, at 1 cent/share. These two, put together, total to Landmark's daily volume of 3,008 shares. The closing price was a cent below the 52-week high, and 3.5 cents above the 52-week low.

The top percentage decliner for Wednesday was Specialty Foods Group Income Fund [NEX: HAM.UN.H], which closed at 1 cent/share for a decline of 1 cent/share or 50%. There were five trades in HAM.UN.H on Wednesday; all but the last were at 1.5 cents/share. That last one, of 1,000 shares, established the closing price. There seemed to be two sold blocks amongst those five trades: a 40,000 share block, composing the first three trades, which went through Canaccord on the sell side, and a 2,000 share block, composing the last two trades, that went through TD Securities. The third and fourth trades seemed to compose a 10,000 share bought block that went through BMO Nesbitt. HAM.UN.H's total daily volume was 42,000 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):

1. International CHS Resource Corporation [NEX: ICJ.H], closed at 3.5 cents for a loss of 0.5 cents - 1.22% of total shares outstanding;
2. Trilogy Metals Inc. [NEX: TRI.H], closed at 90 cents for a gain of 3 cents - 1.00% of TSO;
3. Waveform.com Inc. [NEX: WAF.H], closed at 22 cents for a gain of 5 cents - 0.429% of TSO;
4. Focus Ventures Ltd. [NEX: FCV.H], closed at 36 cents for a gain of 0.5 cents - 0.396% of TSO;
5. Lomiko Resources Inc. [NEX: LMR.H], closed at 38 cents for a gain of 1 cent - 0.260% of TSO;
6. Rocher Deboule Minerals Corp. [NEX: RD.H], closed at 51 cents for a gain of 1 cent - 0.252% of TSO;
7. Avigo Resources Corp. [NEX: TMX.H], closed at 60 cents unchanged - 0.233% of TSO;
8. ITI World Investment Group Inc. class 'A' [NEX: IWI.H], closed at 41 cents for a gain of 0.5 cents - 0.227% of TSO;
9. Specialty Foods Group Income Fund [NEX: HAM.UN.H], closed at 1 cent for a loss of 1 cent - 0.209% of TSO;
10. Datinvest International Ltd. [NEX: DAI.H], closed at 18 cents for a loss of 2 cents - 0.202% 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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