Rockhaven Resources Ltd. (RK) Is Yet to See Trading Action on Mar 14

March 14, 2018 - By Adrian Mccoy

Shares of Rockhaven Resources Ltd. (CVE:RK) closed at 0.145 yesterday. Rockhaven Resources Ltd. currently has a total float of 153.72 million shares and on average sees 69,641 shares exchange hands each day. The stock now has a 52-week low of 0.12 and high of 0.19.

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. Rockhaven Resources 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. Rockhaven Resources 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 Rockhaven Resources Ltd..

More notable recent Rockhaven Resources Ltd. (CVE:RK) news were published by: which released: “Rockhaven Resources Ltd. Announces 16000 m Diamond Drill Program at Klaza and …” on June 28, 2017, also with their article: “Rockhaven Resources Ltd. Intersects 8.54 g/t Gold and 674 g/t Silver over 2.26 …” published on November 14, 2017, published: “Rockhaven Resources Ltd. Intersects 56.18 g/t Gold and 290 g/t Silver over 1 …” on November 16, 2017. More interesting news about Rockhaven Resources Ltd. (CVE:RK) were released by: and their article: “Rockhaven Resources Ltd. Intersects 94.09 g/t Gold and 545 g/t Silver over 2 …” published on October 16, 2017 as well as‘s news article titled: “Rockhaven Discovers Multiple New Mineralized Structures – Exploration Drilling …” with publication date: December 04, 2017.

Rockhaven Resources Ltd., an exploration stage company, engages in the acquisition, exploration, and evaluation of mineral property interests in Canada. The company has market cap of $22.29 million. The firm primarily explores for precious and base metal deposits. It currently has negative earnings. It holds a 100% interest in the Klaza gold-silver property, which consist of 1,317 mineral claims covering an area of 254 km2 located in the Dawson Range Gold Belt, Yukon Territory.

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