LiCo Energy Metals Inc. (LIC) Jumped 3.846% on Feb 23

February 23, 2018 - By Stephen Andrade

Shares of LiCo Energy Metals Inc. (CVE:LIC) last traded at 0.135, representing a move of 3.846%, or 0.005 per share, on volume of 153,715 shares. After opening the trading day at 0.135, shares of LiCo Energy Metals Inc. traded in a close range. LiCo Energy Metals Inc. currently has a total float of 167.98M shares and on average sees 1.90M shares exchange hands each day. The stock now has a 52-week low of 0.08 and high of 0.2.

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. LiCo Energy Metals Inc. 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.

How It Works

The S&P/TSX Composite Index measures stocks based on market capitalization with respect to share price. Such is the case to make sure that only the most actively traded stocks represent one of the world’s closely watched indices, providing accurate, real-time manifestations of the Canadian economy. This means that stocks held by the government, company insiders, and venture capitalists are not weighted on the S&P/TSX Composite Index.

For stocks to be included in the S&P/TSX Composite Index, they must first be listed on the TSX under the mandate of the Canadian government. They must make up at least 0.05% of the S&P/TSX Composite Index. This requirement guarantees a harmonious and perfectly balanced index. LiCo Energy Metals Inc. complies with the rules for listing.

Liquidity is also an important consideration in maintaining the S&P/TSX Composite Index. The trading volume of each stock must compose at least 0.025% of the total trading volume of all stocks eligible for inclusion. In terms of price, each stock must have a minimum average trading price of C$1 in the three months immediately preceding the review date. It must also have a minimum trading price of C$1 in the three trading days immediately preceding the rebalancing.

The Organization of the Petroleum Exporting Countries (OPEC) has finally decided to minimize oil production as an answer to the long-time problem of oversupply. This means that crude oil prices are set to bounce back from the turmoil, lifting the TSX further. Consequently, investing on TSX stocks is just reasonable for investors nowadays. Professional analysts might be interested how this will affect LiCo Energy Metals Inc..

More notable recent LiCo Energy Metals Inc. (CVE:LIC) news were published by: which released: “Letter From the President of LiCo Energy Metals Inc.” on October 05, 2017, also with their article: “LiCo Energy Metals Inc.” published on October 06, 2016, published: “LiCo Energy Metals – Interviews on “Stock Day” Podcast with Uptick Newswire, LLC” on January 30, 2018. More interesting news about LiCo Energy Metals Inc. (CVE:LIC) were released by: and their article: “LiCo Energy Metals Begins Drilling Its Two Cobalt Properties (Teledyne and …” published on September 26, 2017 as well as‘s news article titled: “LiCo Energy Metals – A Lithium and Cobalt Exploration Company” with publication date: October 11, 2016.

LiCo Energy Metals Inc., exploration stage company, engages in the acquisition, exploration, and development of metals used in the production of lithium-ion batteries. The company has market cap of $22.68 million. The Company’s properties include the Teledyne Cobalt project that covers an area of 115.5 hectares located in Ontario, Canada; the Dixie Valley lithium project, which covers an area of 7,363 hectares, as well as the Black Rock Desert lithium project that covers an area of 1,610 hectares located in Nevada, the United States; and the Purickuta lithium Project, which covers an area of 160 hectares located in Salar de Atacama, Chile. It currently has negative earnings. The firm was formerly known as Wildcat Exploration Ltd. and changed its name to LiCo Energy Metals Inc. in October 2016.

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