THE INVESTOR'S GUIDE TO WARRANTS:
Capitalize on the Fastest Growing Sector of the
Stock Market, Second Edition (Hardcover)
by Andrew McHattie Rating: ISBN-10: 027303751X
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Warrant Symbol - CZG.WT
Number Trading - 2,000,000
Expiration Date -
Cusip - 163902 11 7
Warrants called to trade news:
1987-07-27 01:00 MT -
Warrants Called to Trade
4,000,000 units of the company were
posted and called for trading at the
opening, May 29, 1987. One unit
consists of one common share and
one-half of a common share purchase
warrant. The warrants are not
separable from the common shares
included in the unit until a date
(the record date). The record date
has been determined by the company
to be July 31, 1987.
Effective at the opening, July 28,
1987, the shares and warrants will
be posted and called for trading.
Symbol: CZG
Security No: 157056
Cusip No: 163902 10 9
Wt Symbol: CZG.WT
Wt Security No: 882210
Wt Cusip No: 163902 11 7
- Expiration Date: The last day the warrants can be exercised. If warrants aren't going to be exercised then they must be sold the day before the expiry date. The longer the time to expiry the more valuable the warrants.
- Leverage: A measure of how much you can increase your exposure to a share if you bought warrants instead of making a direct investment. It is the current share price divided by the current price of the warrant.
- Intrinsic Value: The difference between the exercise price and the actual trading price of the common stock. Once the common has gone over the exercise price, the warrants are "In the Money."
- Volatility: The higher the volatility rating, the higher the price of the warrant. Historical volatility is calculated by using the standard deviation of an underlying stock price over a specific period.
- Time Value: The difference between the current warrant price and its intrinsic value. Interpreted as the consideration paid for the advantage the warrant buyer has over the direct investor.
