RE: ClarificationBoard lot
A regular trading unit. The board lot size of a stock on the Toronto Stock Exchange or TSX Venture Exchange can be 1000, 500, or 100 shares depending on the price of the stock. An investor buying or selling a board lot usually pays less commission than an investor buying or selling an odd lot.
Security selling price Board lot size
$0.005 to $0.095 1,000 shares
$0.10 to $0.995 500 shares
more than $1.00 100 shares
The size you see on a typical bid/ask quote is the # of board lots available on each side of the quote. Multiply this by the appropriate # of shares per board lot to get the total # of shares available on each side of the qoute.
Example
Board Lots Bid Ask Board Lots
10 2.92 2.94 10
10 board lots on bid and ask. Share price more than $1.00 so 100 shares per board lot = 1000 shares on both bid and ask.