13 Stocks Set To Join TSX Composite Index Coming Week!

March 19, 2021 02:49 AM AEDT | By Ipsita Sarkar

13 Stocks Set To Join TSX Composite Index Coming Week!

The Major Additions?

There are three major additions to the index, which comprises of two weed companies, namely OrganiGram Holdings Inc. (TSX:OGI) and Village Farms International Inc. (TSX:VFF). The third one is a lithium mining company called Lithium Americas Corp. (TSX:LAC).

In one year, the stock prices for Organigram went up by 112 per cent. In the case of Village Farms, the stock surge was a whopping 422 per cent in one year.

The Canadian resource company, Lithium Americas operates in the western US and Argentina. In one year, the stock prices for this company soared and increased by 445 per cent.

What are the other changes?

For S&P/TSX 60, there will be no change. This index is for select large-capital stocks.

Apart from the additions, there's one deletion too. Lundin Gold Inc. (TSX:LUG), which operates in Ecuador and does its corporate activities in Canada, will not remain in the composite index.

What is the composite index enter criteria?

To be a part of the composite index, float-adjusted market capitalization must be 0.04 per cent of the total value of the S&P/TSX Composite Index.

Any company which is less than six months old on the TSX cannot enter the index. In case, the float-adjusted market capitalization drops below 0.025 per cent of the total value of the index then it can't stay on the benchmark bourse.

Which 13 Stocks Are Being added?

AcuityAds Holdings Inc. (TSX:AT)
Canaccord Genuity Group Inc. (TSX:CF)
Denison Mines Corp (TSX:DML)
Dye & Durham Limited (TSXL: DND)
Endeavour Silver Corp (TSX:EDR)
goeasy Ltd. (TSX:GSY)
NexGen Energy Ltd. (TSX:NXE)
SunOpta Inc. (TSX:SOY)
Turquoise Hill Resources Ltd. (TSX:TRQ)
Westport Fuel Systems Inc. (TSX:WPRT)
OrganiGram Holdings Inc. (TSX:OGI)
Village Farms International Inc. (TSX:VFF)
Lithium Americas Corp. (TSX:LAC).

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