North Arrow Minerals Inc. (NAR) Is Yet to See Trading Action on Feb 14

February 14, 2018 - By Kurt Siggers

Shares of North Arrow Minerals Inc. (CVE:NAR) closed at 0.195 yesterday. North Arrow Minerals Inc. currently has a total float of 76.15 million shares and on average sees 63,363 shares exchange hands each day. The stock now has a 52-week low of 0.17 and high of 0.4.

What Drives The Canadian Economy?

Canada is an important aspect of the North American economy. While the US is relatively bigger, it still has interesting potentials to drive economic growth in the region.
With a thriving equity market, any nation has the capacity to carry out long-term prospects. In Canada, for example, there is the Toronto Stock Exchange (TSX). The benchmark index is the S&P/TSX Composite Index, replacing the TSE 300 Index.

Facts About the S&P/TSX Composite Index

The S&P/TSX Composite Index is a free-float market-capitalization-weighted index like most leading indices in the world. This means that its components are the most actively traded stocks on the TSX, excluding those that are held by inside traders, venture capitalists, and government entities. Stocks held by these stakeholders are not frequently traded, which is why it is useless to include them on indices. North Arrow Minerals Inc. is one of the stocks traded on it.

The S&P/TSX Composite Index had recorded its all-time high of 15,657.63 in September 2014, thanks to the gains in crude oil prices that primarily led the surge in the Energy and Financials sectors’ the two biggest sectors on the weighted index. Meanwhile, it had recorded its all-time low of 217.50 in February 1950. As of October 31, 2014, more than 1,500 companies are listed on the TSX. By the end of May, the TSX already had a market capitalization of $2.78 trillion. The regular trading session on the TSX begins at 9:30 a.m. and ends at 4:00 p.m. There is also a post-market session that lasts from 4:15 p.m. until 5:00 p.m.

What Makes Up the S&P/TSX Composite Index

There are numerous requirements in order for companies to be included in the S&P/TSX Composite Index. For starters, of course, they need to be listed on the TSX. Consequently, they must operate in accordance to all existing Canadian corporate laws. As North Arrow Minerals Inc. is still listed, this means that the stock complies with all laws.

In order to become a component of the S&P/TSX Composite Index, a stock must weigh at least 0.05% of the index. Prior to rebalancing, it must have traded an average of C$1 in the preceding three months and at least C$1 in the last three sessions leading to the month of review. Moreover, its trading volume must weigh at least 0.025% of the overall trading volume of all eligible stocks.

About 250 companies make up the S&P/TSX Composite Index. The Financials and Energy sectors alone account for 56% of it, with the former making up 36% and the latter making up 20%. The next biggest sectors include the Materials, Industrial, and Consumer Discretionary sectors.

Because the Organization of the Petroleum Exporting Countries (OPEC) has recently decided to cut oil production rate to lift oil prices, the Energy sector of the S&P/TSX Composite Index is poised for potential gains. Professional analysts might be interested how this will affect North Arrow Minerals Inc..

Investing on the TSX is an ideal way to bet on the Canadian economy. With a promising long-term growth, investors will surely benefit from valuable returns be it in the near term or the longer term.

More notable recent North Arrow Minerals Inc. (CVE:NAR) news were published by: Globenewswire.com which released: “North Arrow Expands the Mel Diamond Project, Nunavut to Over 56000 HA” on January 22, 2018, also Marketwired.com with their article: “North Arrow Announces Drilling Program Is Underway at the Q1-4 Kimberlite …” published on June 28, 2017, Cbc.ca published: “North Arrow Minerals expands Nunavut Mel diamond project” on January 26, 2018. More interesting news about North Arrow Minerals Inc. (CVE:NAR) were released by: Marketwired.com and their article: “Electrum Strategic Opportunities Fund LP Acquires Units of North Arrow …” published on May 19, 2017 as well as Marketwired.com‘s news article titled: “North Arrow Confirms Four Diamondiferous Kimberlites at Pikoo Diamond Project …” with publication date: October 20, 2015.

North Arrow Minerals Inc., an exploration stage company, engages in the acquisition, exploration, and evaluation of diamond properties in Canada. The company has market cap of $14.85 million. It primarily holds interests in the Naujaat and Mel projects located in Melville Peninsula, Nunavut; the Pikoo project situated in east central Saskatchewan; the Loki project located in Lac de Gras, Northwest Territories; and the Hope Bay Oro Gold project situated in Melville Sound, Nunavut. It currently has negative earnings.

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