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 - MGY.WT
Number Trading -
Expiration Date - Sept. 1, 2000
Cusip - 558910 11 3
Warrants called to trade news:
1998-07-22 16:06 MT - New
Listing
The common shares and warrants of
Magin Energy Inc. will be posted for
trading on the ASE at the opening of
business on July 24, 1998. The
common shares will continue to trade
on the TSE.
Common Shares
Stock symbol: MGY
ISM security code: ISM - 410 703
Cusip No: 558 910 20 4
Transfer agent: Montreal Trust
Company
Agent: Griffiths McBurney &
Partners
Wt symbol: MGY.WT
Wt security code: ISM - 902 107
Wt Cusip No: 558910 11 3
Wt expiry: Each whole warrant
entitles the holder to purchase one
share at $9.50 up to 4:30 p.m.
(Calgary time) on Sept. 1, 2000.
- 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.
