Who says the Mining Sector is dead? ........................... ....................................... ......
Looks like $435MM was raised on the Venture Exchange thru March and $721MM was raised on the TSX. So Investors were willing to part with over $1.1 Billion in cash to fund "ideas," plans, drill results, pipe dreams, etc. proposed by Mining companies.
Look also at the statistics - 1,308 companies listed on the TSX-V and 357 listed on the TSX. Maybe someone can search this thread and find the stats I previously posted, it looks like the numbers are way down however.
While that looks like some serious cash, it looks to be way off of the $10.3B of equity capital raised in the mining sector of the TSX exchanges.
Of the 357 on the TSX about 268 (75%) qualify as viable - i.e. I assume a stock price less than 20-cents means that the market is rating the company as nearly shell status or bankrupt. Only 50 stocks (14%) have a share price over $5 which is generally the cut-off for penny stock status. Only 148 (41%) are truly priced over $1 and are not penny stocks.
Stats for the Venture Exchange.... 242 of the 1308 listed companies (18.5%) appear viable, price > 20-cents. Only 3.1% of stocks listed on the TSX (41) avoid the penny stock classification - i.e. are < $1. Only two stocks are greater than $5, the Money Manager definition of "penny stock."
Looking at the above chart, one can decipher a few other interesting statistics.....
.................................................................TSX-v.....................................TSX
The Ave Trade ($/trade).......................$1,981.................................$4,989
Ave Shares per Trade............................7,228.....................................651
Average Price per share.......................$0.27....................................$7.66
Learn it all for yourself here:
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