Shares of Echo Bay Mines (TSE) may be dropped from The Toronto Stock Exchange’s 35 index if the company fails to meet certain criteria by year-end, the exchange reports.
The index consists of the 35 most widely traded stocks on the exchange. Echo Bay has failed to meet Criteria No. 9, which states that the annual trading value of the stock must be at least $100 million the year before it is included on the index.
For the year ended Oct. 31, the value of Echo Bay shares traded was $96.5 million.
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