Beaufield Resources Inc. (BFD) Rises 5% on Mar 14

March 14, 2018 - By Vivian Park

Shares of Beaufield Resources Inc. (CVE:BFD) last traded at 0.105, representing a move of 5%, or 0.005 per share, on volume of 5,000 shares. After opening the trading day at 0.105, shares of Beaufield Resources Inc. traded in a close range. Beaufield Resources Inc. currently has a total float of 213.26M shares and on average sees 186,673 shares exchange hands each day. The stock now has a 52-week low of 0.1 and high of 0.34.

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. Beaufield Resources 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. Beaufield Resources 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 Beaufield Resources Inc..

More notable recent Beaufield Resources Inc. (CVE:BFD) news were published by: which released: “Beaufield Resources reports Annual Meeting of Shareholders Results” on February 28, 2018, also with their article: “Beaufield Resources Inc.” published on April 30, 2011, published: “A Look At Our Portfolio Holdings: Beaufield Resources” on May 15, 2017. More interesting news about Beaufield Resources Inc. (CVE:BFD) were released by: and their article: “Beaufield Resources Inc.: Drilling resumes at Urban-Windfall” published on January 25, 2017 as well as‘s news article titled: “Concerned Shareholders Announce Nominees to Replace the Directors of Beaufield …” with publication date: February 23, 2017.

Beaufield Resources Inc. engages in the acquisition, exploration, evaluation, and development of mineral properties in Quebec and Ontario, Canada. The company has market cap of $22.39 million. It explores for gold, copper, zinc, and silver deposits. It currently has negative earnings. The firm owns 100% interest in the Urban property covering an area of approximately 223 square kilometers located in the Abitibi area; Eleonore-Opinaca property covering an area of approximately 171 square kilometers situated within the Opinaca reservoir area; Launay property covering an area of 55 square kilometers located in the Abitibi greenstone belt; and Tortigny project covering an area of approximately 239 square kilometers located approximately 100 kilometers north of the town of Chibougamau, Quebec.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.


Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter:

Recent Market News