Prophecy Development Corp. (PCY) Declines -12.73% on Dec 25

Date: Dec 26, 2018

Shares of Prophecy Development Corp. (TSE:PCY) last traded at 0.24, representing a move of -12.73%, or -0.035 per share, on volume of 294,825 shares. After opening the trading day at 0.29, shares of Prophecy Development Corp. traded in a close range. Prophecy Development Corp. currently has a total float of 92.92 million shares and on average sees 1.03M shares exchange hands each day. The stock now has a 52-week low of 0.11 and high of 4.47.

TSX: Leading Canada’s Growth

The equity market is a reliable indicator of any nation’s economic condition. Because of it, investors are able to determine the future of the economy and make investments based on logical numbers.

Canada has one of the world’s fastest growing economies’ thanks to its flourishing equity market that has withstood the toughest of times and still remains thriving until today.

The Canadian Equity Market

The Toronto Stock Exchange (TSX) is the main stock exchange in Canada. The benchmark index weighing its stocks is the S&P/TSX Composite Index, which makes up 70% of the total market capitalization of the TSX.

More than 1,500 companies are listed on the TSX as of October 2014. In May, the total market capitalization of the TSX was seen at nearly $3 trillion.

More than 200 companies are included in the S&P/TSX Composite Index, 36% of which belong to the Financials sector alone. The Energy sector is the second largest sector in the S&P/TSX Composite Index, making up 20% of it, followed by the Materials sector, Industrial sector, and Consumer Discretionary sector in the top five.

The S&P/TSX Composite Index has an all-time low of 217.50 and an all-time high of 15,657.63. Prophecy Development Corp. trades on the exchange.

Trading on the TSX starts and ends at 9:30 a.m. and 4:00 p.m., respectively. Meanwhile, post-market trading starts and ends at 4:15 p.m. and 5:00 p.m., respectively.

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