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Lomiko Metals Inc. $LMR.V $LMRMF Dips -10% on Feb 4




Shares of Lomiko Metals Inc. $LMR.V $LMRMF last traded at 0.045, representing a move of -10%, or -0.005 per share, on volume of 198,950 shares. After opening the trading day at 0.05, shares of Lomiko Metals Inc. traded in a close range. Lomiko Metals Inc. currently has a total float of 74.64M shares and on average sees 69,623 shares exchange hands each day. The stock now has a 52-week low of 0.035 and high of 0.135.

S&P/TSX Composite Index: Making Canadian Economy Grow Bigger

The Canadian economy is growing as fast as any global economy giant today. It may not yet be as big as that of the US or Japan but it surely boasts with a promising trade and commerce environment.
The main stock exchange in Canada is the Toronto Stock Exchange (TSX) with the benchmark index being the S&P/TSX Composite Index. The TSX perfectly represents how much the Canadian economy has grown and evolved over the years and how it still continues to transform for the better.

Getting to Know the TSX


The TSX is comprised of more than 1,500 organizations as of October 31, 2014. It has about contacted the $3 trillion absolute market capitalization check in May. Lomiko Metals Inc. exchanges on the trade. The S&P/TSX Composite Index is the benchmark Canadian file, speaking to generally 70% of the complete market benefiting from the TSX with around 250 organizations incorporated into it. Its greater part is made out of the its greatest areas just' the Financials segment and the Energy division. Incorporated into the rundown of best five greatest divisions in the S&P/TSX Composite Index are the Materials, Industrials, and Consumer Discretionary areas.

In February 1950, the S&P/TSX Composite Index had posted its all-time low, 217.50. In September 2014, it had posted its all-time high, 15,657.63. The surge in oil prices in 2014 had led the S&P/TSX Composite Index to attain this peak level as both the Energy and Financial sectors primarily got a boost.

S&P/TSX Composite Index Eligibility

The S&P/TSX Composite Index, like most indices, is a free-float market-capitalization-weighted index. This means that stocks that are not frequently traded are automatically excluded from it. These stocks are those that are held by venture capitalists, inside traders, the government, among others.
In order to become a component of the S&P/TSX Composite Index, a company must first meet a set of certain criteria.
First, a company must of course be listed on the TSX. That being said, it must abide by all Canadian laws.
Should it be included, the company must weigh a minimum of 0.05% on the S&P/TSX Composite Index. Lomiko Metals Inc. complies with the rules for listing.
In terms of price, its average stock price in the past three months prior to rebalancing date must be at least C$1. Its stock price in the three sessions immediately prior to rebalancing date must also be at least C$1.
In terms of trading volume, the company must represent at least 0.025% of the total trading volume of the components of the S&P/TSX Composite Index.
Oil prices are highly expected to rebound soon, giving the TSX a further lift, as the Organization of the Petroleum Exporting Countries (OPEC) is to cut oil production amid the growing supply glut dilemma. This is why more and more investors are considering to enter the Canadian equity market. Needless to say, investing in the TSX is the best way to bet on one of the world’s most influential economies. Professional analysts might be interested how this will affect Lomiko Metals Inc..
Lomiko Metals Inc., an exploration stage company, engages in the acquisition, exploration, and development of resource properties in Canada. The company has market cap of $3.36 million. The firm primarily explores for graphite deposits. It currently has negative earnings. The firm holds 100% interests in the Vines Lake zinc-silver-gold property, which consists of three claims covering an area of approximately 1,169 hectares located in Liard Mining District of British Columbia; the Quatre-Milles graphite property located north of Sainte-Veronique, Quebec; and the Quatre-Milles West located in southern Quebec.

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