Prophecy Development Corp (PCY) Soared 1.89% on Nov 16
| Date: Nov 17, 2017 |
| Shares of Prophecy Development Corp (TSE:PCY) last traded at 4.84, representing a move of 1.89%, or 0.09 per share, on volume of 1,266 shares. After opening the trading day at 4.54, shares of Prophecy Development Corp traded in a close range. Prophecy Development Corp currently has a total float of 6.17M shares and on average sees 6,203 shares exchange hands each day. The stock now has a 52-week low of 2.75 and high of 7.19.
Facts About S&P/TSX Index S&P/TSX is Canada’s leading market index that features stocks of the largest companies listed on the Toronto Stock Exchange. The index features stocks as measured by market-capitalization, and currently account for 70% of the total market capitalization of the TSX. The S&P TSX came into being after replacing the TSE 300 Index that was initially used as a benchmark for the country’s stock market. The performance of the index is most of the time used by investors worldwide to gauge the health of the country’s equity market as well as overall economy. Listing Requirements Inclusion into the index requires a company to have its stock first listed on the TSX. The company must also be incorporated under Canadian laws. Given that the index is market-capitalization weighted, all stocks listed must weigh at least 0.05% of the index with a share price tag of not less than C$1 in the last three trading session of any given month. Prophecy Development Corp complies with the rules for listing. The index also plays close watch to a company’s liquidity prior to the listing of its stock. For a stock to be listed on the S&P TSX it must be liquid enough to support unusual volume changes as well as dollar movements. The measure also ensures that at no one point one stock dominates the movement of the entire index. TSX Coverage Sector The S&P TSX has about 250 components at any given point from which the weighted points are generated. These components cover a variety of sectors ranging from Materials, Consumer Discretionary, Financials, and Energy to Healthcare. Currently, Financials account for 36% of the index total market capitalization with the Energy sector coming a close second with 20% share. Since its inception, the S&P TSX has registered an all-time low of 217.50 points registered in February 1950. The Index all time high currently stands at 15657.63 points, printed in September 2014. The energy and the commodities sectors are known to have a huge say on the index overall performance given that a majority of components it carries have exposure to the two sectors. |
