UEX Corp fka UEX

[Destinator]

Nexgen will be dropped from S&P/TSX Composite Index along with 8 other energy companies and two other non-energy companies. The index changes take effect on Sept 23, 2019.

This happened because the number of shares in the 'float' (i.e. shares that are held by non-insiders) is worth less than $500,000,000.

That is an interesting policy since a company with very large insider positions could be dropped from the SP by virtue of the fact that insiders hold a lot of stock in their company. Ironic is it not?

Many players may have seen this coming which could explain why Uranium stocks have not been performing. Boy or boy is the SP ever in for a surprise.

UEX was not affected by this move.