Well, it finally happened. The TSX Venture Composite dropped below 10 million shares in total daily volume. On November 24th, 2022, 9.69 million shares exchanged hands on the beleaguered exchange. While I’ve been tracking the decline in liquidity for years on the exchange, this sudden drop surprised me. Volume Drops 65% in 3 Days While […]
The TSX Venture, or ‘the venture’ as it’s known among insiders, has always been a niche market. The space typically rises with commodities, but the past decade has seen sectors like cannabis and crypto lead to unprecedented diversification. But, while always a niche, the TSX Venture Composite Index (comprised of 160 issuers responsible for the […]
The TSX Venture has averaged about 27 million shares traded per day in the past ten trading days. However, on Wednesday and Thursday of last week, trading volumes fell to less than 20 million total shares traded, according to TMX data. To my knowledge, 15.8 million shares traded on May 25th is the lowest volume […]
Growth in margin loans and retail investor participation are soaring alongside rampant speculation, we may be nearing a market top – at least for the short-term (click here for more information on seasonality factors at play). These phenomena have been on full display in recent weeks (e.g. GameStop), with the latest example being silver’s surge […]
Investors should be concerned about liquidity on the TSX Venture — if they aren’t already. In an interview with Bloomberg Television, Mark Machin, chief executive officer of the Canada Pension Plan Investment Board, was quoted, “I do ring the alarm bell on not to be too invested in illiquid assets . . . We […]