StorageVault Canada Inc. (SVI) Is Yet to See Trading Action on Jan 29

January 29, 2018 - By Moses P. Lee

Shares of StorageVault Canada Inc. (CVE:SVI) closed at 2.47 yesterday. StorageVault Canada Inc. currently has a total float of 345.62 million shares and on average sees 275,103 shares exchange hands each day. The stock now has a 52-week low of 1.47 and high of 2.85.

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. StorageVault Canada 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. StorageVault Canada 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 StorageVault Canada Inc..

More notable recent StorageVault Canada Inc. (CVE:SVI) news were published by: Seekingalpha.com which released: “Love Storage? Look North: StorageVault Canada” on December 04, 2017, also Marketwatch.com with their article: “StorageVault Canada Inc.” published on March 10, 2017, Marketwired.com published: “StorageVault to Acquire Canadian Storage Portfolio for $396.6 Million and …” on March 22, 2017. More interesting news about StorageVault Canada Inc. (CVE:SVI) were released by: Globenewswire.com and their article: “StorageVault Canada Inc. Announces Closing of $135 Million Bought Deal …” published on July 19, 2017 as well as Globenewswire.com‘s news article titled: “StorageVault Closes Acquisition of 24 Store Sentinel Storage Portfolio” with publication date: August 01, 2017.

StorageVault Canada Inc. engages in the owning, operating, and renting self storage and portable storage space for individual and commercial clients in British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, and Quebec, Canada. The company has market cap of $853.68 million. It operates a network of 49 stores with a total rentable space of 2,635,032 square feet, which comprise 24,719 rental units under the Access Storage, Storage For Your Life, and Depotium Mini-Entrepots brand names. It currently has negative earnings. The firm also operates 3,706 portable storage units under the Cubeit and PUPS brand names.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

By1 Moses P. Lee

Automatic Stock Updates

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: