Woulfe Mining Corp WFEMF

Did you know...

[mercurysmith]

Of 2176 TSX Venture companies, Woulfe is currently 96th in market cap.  The quarterly updated S&P Venture Composite Index comes out the first Friday of April, July, October, January, so it last came out on April 27, 2012 and 424 companies made that list, including Woulfe. When Woulfe hit its high water closing mark of .39 on March 5, 2012, its 120M cap had it close to making 30th spot on the Venture 30 index, but then as we all know that drive was not sustained.  I was a bit surprised to see only 25 of the 2176 companies on the Venture currently have a market cap of 200M or higher, and only 71 have a market cap of over 100M.   These penny stock are always full of surprises.  Woulfe is no exception to this general rule.  That being said, Woulfe seems to be one of the most derisked companys on this TSX Venture.  I am still a believer that the fundamentals are such that some time between now and the end of July, this stock will hit .60.  It just means we need to be willing to hold longer, because nothing has changed with the fundamentals.

[Majormac79]

At what market cap do companies move to the tsx?

[mercurysmith]

As I said earlier, only a small handfull of companies on the TSX Venture even have more than a 200M market cap.  Currently the highest market cap for any company on the Venture is right at 1 billion and there are no other companies even close to that one company. The rule of thumb is that companies are classified as small if under 1B (which fits all the companies on the Venture except for one