Crown Point Energy Inc. (CWV) Is Yet to See Trading Action on Mar 14

March 14, 2018 - By Nellie Frank

Shares of Crown Point Energy Inc. (CVE:CWV) closed at 0.48 yesterday. Crown Point Energy Inc. currently has a total float of 32.91 million shares and on average sees 24,540 shares exchange hands each day. The stock now has a 52-week low of 0.3 and high of 0.9.

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. Crown Point Energy 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. Crown Point Energy 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 Crown Point Energy Inc..

More notable recent Crown Point Energy Inc. (CVE:CWV) news were published by: which released: “Crown Point Energy Inc.” on May 23, 2017, also with their article: “Crown Point Provides Operational Update of its Discovery Well in Tierra del Fuego” published on January 12, 2018, published: “Crown Point Announces Reserve Information for the Year Ended December 31, 2017” on February 08, 2018. More interesting news about Crown Point Energy Inc. (CVE:CWV) were released by: and their article: “Crown Point Provides Update on Apco Austral Acquisition” published on February 27, 2018 as well as‘s news article titled: “Crown Point Announces Strategic Acquisition to Double Interest in Exploitation …” with publication date: November 22, 2017.

Crown Point Energy Inc., a junior oil and gas company, explores for, develops, and produces petroleum and natural gas properties in Argentina. The company has market cap of $15.80 million. The firm holds 25.78% working interests in the Las Violetas, La Angostura, and Rio Cullen exploitation concessions covering a total area of approximately 126,000 net acres in the Austral Basin of Tierra del Fuego. It currently has negative earnings. It also has a 100% working interest in the Cerro de Los Leones concession permit covering an area of 100,907 acres located in the northern portion of the Neuqu??n Basin in the province of Mendoza, Argentina.

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: