The dollar value of secondary offering securities issued in accordance with a TSX or TSX Venture Exchange approved transaction. It is the stated prospectus price multiplied by the “number of securities issued under the offering plus the over allotment”.
Archives
Sector Funds
mutual funds specializing in a particular industry sector such as computers, or health care.
Securities
Transferable certificates of ownership of investment products such as notes, bonds, stocks, futures contracts and options.
Securities Commission
Each province has a securities commission or administrator that oversees the provincial securities act. This act is a set of laws and regulations that set down the rules under which securities may be issued or traded in that province.
Price Gap
A price gap describes the situation where a stock opens at a price either higher or lower than the closing price the day before. This usually happens when some news affecting the value of the stock is announced after the market closes, e.g., positive or negative earnings, a buy-out, etc. Stocks that gap at the open often move back toward the previous close before moving again, but not always. Strong news such as projected higher earnings from the company tend to drive the stock without the pull back.
Price to Book Ratio (p/b)
Latest share price divided by book value stated in latest report.
Price to Earnings Ratio (p/e)
Latest share price divided by 12-month earnings per share (eps). Also a measure of the market’s enthusiasm for a company.
Price to Sales Ratio (p/s)
Latest share price divided by 12-month sales per share.
Price-Earnings (P/E) Ratio
A common stock’s last closing market price per share divided by the latest reported 12-month earnings per share. This ratio shows you how many times the actual or anticipated annual earnings a stock is trading at.
Principal Trade
A trade when a Participating Organization is either buying from, or selling to its client.