On Thursday, the Barrel's Bottom Composite Index for the NEX closed at 90.12, up 0.73 points or 0.817% from its previous close of 89.39. Unlike on Wednesday, there was only one mover in the first minute of trading to change the BBCI from its previous closing value. SMC Ventures Inc. [NEX: SMV.H] opened down 0.5 cents/share from its previous closing price on its first trade of the day; the other NEX stocks that traded in the first minute either traded in odd lots or opened unchanged. Thus, the index barely moved in the first minute of trading, from 89.39 to 89.38.
This quiescence didn't last long. After an abortive attempt to rise that was mostly neutralized in the next minute, the BBCI jumped above 89.5 thanks to a 1.5 cent/share interday rise in Golden Hat Resources Inc. [NEX: GHA.H]. Golden Hat was quite active in the first half-hour of trading: by 10 AM ET, it had traded 500,000 shares, more than three-quarters of its daily volume of 665,000 shares. By 9:39 AM ET, the BBCI was just below 89.6, thanks to a 0.5 cent/share opening rise in Toba Industries Ltd. [NEX: TBG.H] in the previous minute's period and a 1 cent/share interday gain in Trilogy Metals Inc. [NEX: TRI.H]. A further 0.5 cent/share interday rise in GHA.H put the index well above 89.6 as of 9:48 AM ET.
The BBCI than took somewhat of a dive, to below 89.4 as of 10:15 AM ET. It had recovered to above 89.5 by 10:20 AM ET, thanks to a 6.5 cent/share opening rise in Becker Gold Mines Ltd. [NEX: BGD.H], and was above 89.6 by 10:38 AM ET. A further 3.5 cent/share interday rise in Becker put the BBCI above 89.7 as of 10:46 AM ET. 89.8 was briefly broken through as of 11:10 AM ET, but this rise lasted only for seven minutes. A more durable rise above that level had to wait until 11:44 AM ET, as prompted by a 1 cent/share interday gain in the price of Rocher Deboule Minerals Corp. [NEX: RD.H]. A slight backtrack was followed by a jump above 89.9 at 11:54 AM ET, which was partially erased a minute later, and another one at about 11:57 AM ET. This latter jump, prompted by a 3 cent/share interday rise in The Silver Recycling Company Inc. [NEX: TSR.H] lasted for 13 minutes. The BBCI didn't durably rise above 89.9 until 12:32 PM ET.
After spending more than an hour and fifty minutes trending between 89.9 and 89.99, the BBCI made a successful run at the 90 level at 2:26 PM ET. It was put at 90.05 by a 5 cent/share interday rise in Becker Gold Mines, which put the stock itself at a 14.5 cent/share gain for the day and equal to its closing value. [As reported in Tuesday's news releases section, Jeffrey Becker resigned from the presidency of the company and was replaced by Gary Freeman ] After hovering just above 90, the index jumped above 90.1 as of 3:36 PM ET. Put there by another 1 cent/share rise in Rocher, the BBCI didn't change at all for the rest of the day, making that level the closing value of 90.12. Unusually, the first minute's value was equal to the day's low, and the closing value was equal to the day's high.
Here are the hourly values for the Barrel's Bottom Composite Index, rounded to the nearest hundredth of a point:
This quiescence didn't last long. After an abortive attempt to rise that was mostly neutralized in the next minute, the BBCI jumped above 89.5 thanks to a 1.5 cent/share interday rise in Golden Hat Resources Inc. [NEX: GHA.H]. Golden Hat was quite active in the first half-hour of trading: by 10 AM ET, it had traded 500,000 shares, more than three-quarters of its daily volume of 665,000 shares. By 9:39 AM ET, the BBCI was just below 89.6, thanks to a 0.5 cent/share opening rise in Toba Industries Ltd. [NEX: TBG.H] in the previous minute's period and a 1 cent/share interday gain in Trilogy Metals Inc. [NEX: TRI.H]. A further 0.5 cent/share interday rise in GHA.H put the index well above 89.6 as of 9:48 AM ET.
The BBCI than took somewhat of a dive, to below 89.4 as of 10:15 AM ET. It had recovered to above 89.5 by 10:20 AM ET, thanks to a 6.5 cent/share opening rise in Becker Gold Mines Ltd. [NEX: BGD.H], and was above 89.6 by 10:38 AM ET. A further 3.5 cent/share interday rise in Becker put the BBCI above 89.7 as of 10:46 AM ET. 89.8 was briefly broken through as of 11:10 AM ET, but this rise lasted only for seven minutes. A more durable rise above that level had to wait until 11:44 AM ET, as prompted by a 1 cent/share interday gain in the price of Rocher Deboule Minerals Corp. [NEX: RD.H]. A slight backtrack was followed by a jump above 89.9 at 11:54 AM ET, which was partially erased a minute later, and another one at about 11:57 AM ET. This latter jump, prompted by a 3 cent/share interday rise in The Silver Recycling Company Inc. [NEX: TSR.H] lasted for 13 minutes. The BBCI didn't durably rise above 89.9 until 12:32 PM ET.
After spending more than an hour and fifty minutes trending between 89.9 and 89.99, the BBCI made a successful run at the 90 level at 2:26 PM ET. It was put at 90.05 by a 5 cent/share interday rise in Becker Gold Mines, which put the stock itself at a 14.5 cent/share gain for the day and equal to its closing value. [As reported in Tuesday's news releases section, Jeffrey Becker resigned from the presidency of the company and was replaced by Gary Freeman ] After hovering just above 90, the index jumped above 90.1 as of 3:36 PM ET. Put there by another 1 cent/share rise in Rocher, the BBCI didn't change at all for the rest of the day, making that level the closing value of 90.12. Unusually, the first minute's value was equal to the day's low, and the closing value was equal to the day's high.
Here are the hourly values for the Barrel's Bottom Composite Index, rounded to the nearest hundredth of a point:
- 10 AM ET: 89.59
- 11 AM ET: 89.71
- 12 PM ET: 89.95
- 1 PM ET: 89.93
- 2 PM ET: 89.96
- 3 PM ET: 90.03
- 4 PM ET/Close: 90.12
This is the first part of the daily NEX report. The second part covers NEX stocks that have sent out news releases during November 1st 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
No comments:
Post a Comment