Shares of RenoWorks Software Inc. (CVE:RW) closed at 0.365 yesterday. RenoWorks Software Inc. currently has a total float of 33.85 million shares and on average sees 10,580 shares exchange hands each day. The stock now has a 52-week low of 0.145 and high of 0.495.

S&P/TSX Composite Index: Making Canadian Economy Grow Bigger

The Canadian economy is growing as fast as any global economy giant today. It may not yet be as big as that of the US or Japan but it surely boasts with a promising trade and commerce environment.

The main stock exchange in Canada is the Toronto Stock Exchange (TSX) with the benchmark index being the S&P/TSX Composite Index. The TSX perfectly represents how much the Canadian economy has grown and evolved through the years and how it still continues to transform for the better.

Getting to Know the TSX

The TSX is made up of over 1,500 companies as of October 31, 2014. It has nearly touched the $3 trillion total market capitalization mark in May. RenoWorks Software Inc. trades on the exchange. The S&P/TSX Composite Index is the benchmark Canadian index, representing roughly 70% of the total market capitalization on the TSX with about 250 companies included in it. More than half of it is composed of the its biggest sectors only’ the Financials sector and the Energy sector. Included in the list of top five biggest sectors in the S&P/TSX Composite Index are the Materials, Industrials, and Consumer Discretionary sectors.

In February 1950, the S&P/TSX Composite Index had posted its all-time low, 217.50. In September 2014, it had posted its all-time high, 15,657.63. The surge in oil prices in 2014 had led the S&P/TSX Composite Index to attain this peak level as both the Energy and Financial sectors primarily got a boost.

S&P/TSX Composite Index Eligibility

The S&P/TSX Composite Index, like most indices, is a free-float market-capitalization-weighted index. This means that stocks that are not frequently traded are automatically excluded from it. These stocks are those that are held by venture capitalists, inside traders, the government, among others.

In order to become a component of the S&P/TSX Composite Index, a company must first meet a set of certain criteria.
First, a company must of course be listed on the TSX. That being said, it must abide by all Canadian laws.
Should it be included, the company must weigh a minimum of 0.05% on the S&P/TSX Composite Index. RenoWorks Software Inc. complies with the rules for listing.

In terms of price, its average stock price in the past three months prior to rebalancing date must be at least C$1. Its stock price in the three sessions immediately prior to rebalancing date must also be at least C$1.

In terms of trading volume, the company must represent at least 0.025% of the total trading volume of the components of the S&P/TSX Composite Index.
Oil prices are highly expected to rebound soon, giving the TSX a further lift, as the Organization of the Petroleum Exporting Countries (OPEC) is to cut oil production amid the growing supply glut dilemma. This is why more and more investors are considering to enter the Canadian equity market. Needless to say, investing in the TSX is the best way to bet on one of the world’s most influential economies. Professional analysts might be interested how this will affect RenoWorks Software Inc..

More important recent RenoWorks Software Inc. (CVE:RW) news were published by: Washingtonpost.com which released: “364 bills that have been introduced in Congress, ranked by acronym quality – Washington Post” on August 03, 2015, also Streetinsider.com published article titled: “Form N-PX ADVISORS SERIES TRUST For: Jun 30 – StreetInsider.com”, Nature.com published: “A sinemydid turtle from the Jehol Biota provides insights into the basal divergence of crown turtles – Nature.com” on November 10, 2015. More interesting news about RenoWorks Software Inc. (CVE:RW) was released by: and their article: “Advice from ‘The Startup Playbook’ – Yahoo Finance” with publication date: April 02, 2018.

RenoWorks Software Inc. develops and distributes digital visualization software for the renovation and new home construction sectors in Canada and the United States. The company has market cap of $12.36 million. It offers Web Visualizer that enables clients to picture the final result in advance; Mobile apps, which creates digital presentations; configurators that enables to customize products on the fly and illustrate various combinations; product libraries, which showcases product line in various platforms; Contractor app that creates designs; and 3D design for planning and configuring a space or structure in 3D. It currently has negative earnings. The firm also provides supporting services, such as customization, integration, and training services.