Angkor Gold Corp. (ANK) Plunges -5.88% on Dec 10

December 10, 2017 - By Kurt Siggers

Shares of Angkor Gold Corp. (CVE:ANK) last traded at 0.16, representing a move of -5.88%, or -0.01 per share, on volume of 30,000 shares. After opening the trading day at 0.17, shares of Angkor Gold Corp. traded in a close range. Angkor Gold Corp. currently has a total float of 105.40M shares and on average sees 39,810 shares exchange hands each day. The stock now has a 52-week low of 0.15 and high of 0.42.

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. Angkor Gold Corp. 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 Angkor Gold Corp. 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 Angkor Gold Corp..

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 Angkor Gold Corp. (CVE:ANK) news were published by: Bnn.ca which released: “Angkor Gold Corp’s embarrassment of riches includes Cambodian “Well of Gold”” on November 29, 2017, also Marketwatch.com with their article: “Angkor Gold Corp.” published on July 11, 2013, Marketwired.com published: “Angkor Gold Announces Appointment of Vice President – Exploration” on November 02, 2017. More interesting news about Angkor Gold Corp. (CVE:ANK) were released by: Investingnews.com and their article: “Angkor Gold – Cambodia’s Premier Project Generator” published on November 25, 2015 as well as Marketwired.com‘s news article titled: “Angkor Announces Termination of Earn-In Agreement With Blue River Resources Ltd.” with publication date: November 13, 2017.

Angkor Gold Corp., together with its subsidiaries, operates as a mineral exploration firm in the Kingdom of Cambodia. The company has market cap of $16.86 million. The firm explores for gold and base metals. It currently has negative earnings. It has six exploration licenses covering an area of 1,352 square kilometers in the Kingdom of Cambodia.