The Oreninc Index five-week moving average climbed for the first time since late May and for just the second time since April for the week ending June 20, 2013. Even with the increase, the five-week moving average is still at the second lowest level YTD. In positive news, last week had the most bought deals announced since April; however, they were unusually small. The next two weeks may be even slower still due to Canada Day.
Summary:
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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