Shares of Stakeholder Gold Corp. (CVE:SRC) last traded at 0.05, representing a move of 11.11%, or 0.005 per share, on volume of 5,000 shares. After opening the trading day at 0.05, shares of Stakeholder Gold Corp. traded in a close range. Stakeholder Gold Corp. currently has a total float of 26.00M shares and on average sees 15,133 shares exchange hands each day. The stock now has a 52-week low of 0.045 and high of 0.285.

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. Stakeholder 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. Stakeholder 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 Stakeholder Gold Corp..

More notable recent Stakeholder Gold Corp. (CVE:SRC) news were published by: Gurufocus.com which released: “Feb 21, 2019 – Resources Management Corp Buys Linde PLC, People’s United Financial Inc, Costco Wholesale Corp, Sells Wells Fargo, Walmart Inc, Webster Financial Corp – GuruFocus.com” on February 21, 2019, also Fortune.com with their article: “How Moonshot CVE Uses Online Advertising To Combat Terrorism – Fortune” published on June 12, 2018, Fortune.com published: “Artificial Intelligence Needs Empathy and Regulation – Fortune” on December 13, 2018. More interesting news about Stakeholder Gold Corp. (CVE:SRC) were released by: Fortune.com and their article: “Facebook??™s Mistake Wasn??™t Resisting Regulation. It Was Not Asking For It Sooner – Fortune” published on December 07, 2018 as well as Fortune.com‘s news article titled: “How to Succeed in Business? Think Like a ‘Hot Shot,’ Says Private Equity Exec Kat Cole – Fortune” with publication date: December 12, 2018.

Stakeholder Gold Corp., a mineral exploration company, engages in the identification, acquisition, exploration, and development of precious and base metals. The company has market cap of $1.30 million. The Company’s primary focus is to explore the Goldstorm Gold-Silver Project located in Elko County of Nevada, the United States. It currently has negative earnings. The firm also explores on its 100% owned Ballarat Gold Project located in the White Gold District of the Yukon Territory, Canada.