Date: Dec 28, 2018
Shares of Largo Resources Ltd. (TSE:LGO) last traded at 2.81, representing a move of 4.46%, or 0.12 per share, on volume of 922,337 shares. After opening the trading day at 2.67, shares of Largo Resources Ltd. traded in a close range. Largo Resources Ltd. currently has a total float of 527.05M shares and on average sees 2.00 million shares exchange hands each day. The stock now has a 52-week low of 1.06 and high of 4.65.
Canada: S&P/TSX Index
The S&P/TSX Composite Index is the headline index of equities listed on Canada’s Toronto Stock Exchange (TSX).Its components are market capitalization-weighted and together the constituents of the index account for 70% of TSX market capitalization.
The S&P/TSX Composite replaced the TSE 300 Index.
Inclusion in the index
The S&P/TSX Composite has eligibility criteria that among others require that a candidate stock for inclusion in the index must be listed on the TSX and the company behind the stock must be incorporated under Canadian laws.
Being a market capitalization weighted index, components of S&P/TSX Composite must weigh at least 0.05% of the index. Additionally, index candidate must have traded at a minimum average price of C$1 over in the last three months and maintained a price of at least C$1 in the last three trading days of the month immediately before the index is rebalanced. Still on market capitalization, the index is also float adjusted, whereby restricted stocks, such as those held by company insiders and stock that don’t trade frequently such as those held by the government and venture capitalists are excluded.
Liquidity of a stock is another important consideration for inclusion in The S&P/TSX Composite. Though measure is taken so that no single stock dominates the movement of the index, a security must be liquid enough in terms of volume traded and dollar value. As such, the number of transactions in a security must be at least 0.025% of all the sum of trading volume of eligible securities. Largo Resources Ltd. has relatively good liquidity.
