OneSoft Solutions Inc. (OSS) Plunges -2.02% on Mar 14

March 14, 2018 - By Vivian Currie

Shares of OneSoft Solutions Inc. (CVE:OSS) last traded at 0.485, representing a move of -2.02%, or -0.01 per share, on volume of 70,346 shares. After opening the trading day at 0.5, shares of OneSoft Solutions Inc. traded in a close range. OneSoft Solutions Inc. currently has a total float of 96.22 million shares and on average sees 272,433 shares exchange hands each day. The stock now has a 52-week low of 0.17 and high of 0.63.

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. OneSoft Solutions Inc. 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. OneSoft Solutions Inc. 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 OneSoft Solutions Inc..

More notable recent OneSoft Solutions Inc. (CVE:OSS) news were published by: which released: “OneSoft Solutions Inc. Reports Financial Results for the Three Months and Nine …” on January 25, 2018, also with their article: “OneSoft Solutions Inc. Announces Major Milestone with the Commercial Release …” published on January 16, 2017, published: “OneSoft Solutions Inc.” on May 09, 2017. More interesting news about OneSoft Solutions Inc. (CVE:OSS) were released by: and their article: “OneSoft Solutions Inc. presents at MicroCap Investor Conference in Toronto and …” published on July 07, 2017 as well as‘s news article titled: “OneSoft Solutions Inc. Announces Strategic Divestment of Certain Assets to …” with publication date: February 24, 2016.

OneSoft Solutions Inc., through its subsidiaries, provides software services to the gas and oil pipeline industry in Canada and the United States. The company has market cap of $46.67 million. It offers OneBridge that uses machine learning and other data science technologies to store, manipulate, and analyze the big data sets required to operate a pipeline, including cognitive integrity management, safety management systems, compliance analytics, public awareness, emergency response management, and MicroSoft Hololens functionalities. It currently has negative earnings. The firm was formerly known as Serenic Corporation and changed its name to OneSoft Solutions Inc. in July 2014.

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