Coming off the heels of one of its best weeks YTD, the Oreninc Index dropped off significantly for the week ending August 15, 2013. The week was highlighted by more overall deals, but with only 25% of the total money announced. Underscoring the drop were zero bought deals and only two brokered deals announced, off from 28-week highs for both last week. On a positive note, the five-week moving average was up slightly, indicating that the market as a whole is trending in the right direction as we move out of summer.
Major Financing Openings:
Major Financing Closings:
Oreninc also publishes the Oreninc Deal Log, a daily list of all financing activity in the TSX resource sectors. Visit http://oreninc.com to see which companies and sectors to watch. Oreninc also writes custom reports for companies on effective capital raising strategies to help companies maintain long-term shareholder value.
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