Black Sea Copper & Gold Corp (BLS) Plunged -7.89% on Sep 13

September 13, 2017 - By Clifton Ray

Shares of Black Sea Copper & Gold Corp (CVE:BLS) last traded at $0.175, representing a move of -7.89%, or $-0.015 per share, on volume of 36,000 shares. After opening the trading day at $0.17, shares of Black Sea Copper & Gold Corp traded in a close range. Black Sea Copper & Gold Corp currently has a total float of 43.97 million shares and on average sees 16,292 shares exchange hands each day. The stock now has a 52-week low of $0.17 and high of $0.6.

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 through the years and how it still continues to transform for the better.

Getting to Know the TSX

The TSX is made up of over 1,500 companies as of October 31, 2014. It has nearly touched the $3 trillion total market capitalization mark in May. Black Sea Copper & Gold Corp trades on the exchange. The S&P/TSX Composite Index is the benchmark Canadian index, representing roughly 70% of the total market capitalization on the TSX with about 250 companies included in it. More than half of it is composed of the its biggest sectors only’ the Financials sector and the Energy sector. Included in the list of top five biggest sectors in the S&P/TSX Composite Index are the Materials, Industrials, and Consumer Discretionary sectors.

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. Black Sea Copper & Gold Corp 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 Black Sea Copper & Gold Corp.

More notable recent Black Sea Copper & Gold Corp (CVE:BLS) news were published by: Seekingalpha.com which released: “Black Sea Copper & Gold: A New Eastern European Exploration Powerhouse” on December 21, 2016, also Marketwatch.com with their article: “0.18” published on April 23, 2011, Marketwired.com published: “Black Sea Copper & Gold Identifies New Epithermal Gold Targets at Kalabak …” on February 07, 2017. More interesting news about Black Sea Copper & Gold Corp (CVE:BLS) were released by: Juniorminingnetwork.com and their article: “Black Sea Copper & Gold Advances Multiple Porphyry Copper and Epithermal Gold …” published on November 09, 2016 as well as Investingnews.com‘s news article titled: “Alternative Earth Resources Announces Acquisition and Name Change” with publication date: September 29, 2016.

Black Sea Copper & Gold Corp., formerly Alternative Earth Resources Inc., is a mineral exploration firm active in the Black Sea region of Eastern Europe. The company has market cap of $7.69 million. The Firm is focused on copper and gold projects. It currently has negative earnings. The Firm holds interests in various mineral properties and license applications located in Eastern Europe, including Bulgaria, Serbia and Turkey.

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