The Oreninc Index remained stagnant for the fourth straight week for the week ending April 17, 2014. The five-week moving average fell to its lowest level since Summer 2013. Total dollars announced dropped to $71m, a two-week low. Five brokered deals were announced for $32.1m, also a two-week low; one bought deal was announced for $8m, a four-week low. While it certainly could be worse, the Index remaining at this relatively low level for an extended period of time is concerning. Let’s hope that this does not mean investors—and with them, juniors’ ability to raise cash—have started summer hibernation early.
Major Financing Openings:
Major Financing Closings:
Oreninc also publishes the Oreninc Deal Log, a daily list of all financing activity in the TSX, TSX-V and CSE 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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