River Wild Exploration Inc. (RWI) Is Yet to See Trading Action on Jan 10

January 10, 2018 - By Winifred Garcia

Shares of River Wild Exploration Inc. (CNSX:RWI) closed at 0.15 yesterday. River Wild Exploration Inc. currently has a total float of 23.50M shares and on average sees shares exchange hands each day. The stock now has a 52-week low of 0 and high of 0.

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. River Wild Exploration 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 River Wild Exploration 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 River Wild Exploration 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 River Wild Exploration Inc. (CNSX:RWI) news were published by: Bloomberg.com which released: “Raging River Said to Hire Adviser to Explore Possible Sale” on April 05, 2017, also Seekingalpha.com with their article: “Raging River Exploration: An Undervalued Small-Cap Oil Company” published on June 12, 2017, Huffingtonpost.com published: “Exploration of Alaska’s Wild and Scenic Rivers: Gates of the Arctic National Park” on November 21, 2016. More interesting news about River Wild Exploration Inc. (CNSX:RWI) were released by: Bnn.ca and their article: “Raging River shares drop after takeover speculation denied” published on April 06, 2017 as well as Huffingtonpost.com‘s news article titled: “Wild Water: 5 of Africa’s Best River Cruises” with publication date: November 03, 2017.

River Wild Exploration Inc., an exploration stage company, engages in the acquisition, exploration, and development of mineral properties in Canada. The company has market cap of $3.53 million.

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