Shares of FLYHT Aerospace Solutions Ltd. (CVE:FLY) last traded at 1.45, representing a move of -3.33%, or -0.05 per share, on volume of 5,150 shares. After opening the trading day at 1.49, shares of FLYHT Aerospace Solutions Ltd. traded in a close range. FLYHT Aerospace Solutions Ltd. currently has a total float of 20.45 million shares and on average sees 14,063 shares exchange hands each day. The stock now has a 52-week low of 0.94 and high of 1.73.
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. FLYHT Aerospace Solutions Ltd. 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. FLYHT Aerospace Solutions Ltd. 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 FLYHT Aerospace Solutions Ltd..
More notable recent FLYHT Aerospace Solutions Ltd. (CVE:FLY) news were published by: Midasletter.com which released: “FluroTech Ltd (CVE:TEST) Cannabis Testing Device Must-Have for LPs – Midas Letter” on February 21, 2019, also Midasletter.com with their article: “VIDEO: Galane Gold (CVE:GG) Potential Acquisition of Andy Well Gold Project – Midas Letter” published on October 24, 2018, Midasletter.com published: “VIDEO: Indiva Ltd (CVE:NDVA) Licensing Successful US Brands in Canada – Midas Letter” on October 12, 2018. More interesting news about FLYHT Aerospace Solutions Ltd. (CVE:FLY) were released by: Midasletter.com and their article: “VIDEO: Golden Ridge Resources (CVE:GLDN) New Discovery Sparks Trading Frenzy – Midas Letter” published on August 21, 2018 as well as Techcrunch.com‘s news article titled: “A popular WordPress plugin leaked access tokens capable of hijacking Twitter accounts – TechCrunch” with publication date: January 17, 2019.
FLYHT Aerospace Solutions Ltd. provides real-time aircraft intelligence and cockpit communications for the aerospace industry. The company has market cap of $29.65 million. The firm supports aviation clients in various sectors, including commercial, business, leasing, and military operators. It currently has negative earnings. It offers AFIRS UpTime, an automated flight information reporting system installed on aircraft that monitors functions from the aircraft and the black box, and provides voice and text messaging capabilities that enable pilots to communicate with ground support; and FLYHTStream, a technology that performs real-time triggered alerting and black-box data streaming in the event of an abnormal situation on an aircraft.
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