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Most Active TSX Stocks
Knowing which stocks are the most actively traded informs investors about a security's liquidity, understanding market sentiment for a company, and the likelihood of a price going up or down. Therefore, it is wise to keep an eye on stocks that have the highest trading volume on the stock exchange.
Here, in the Most Active TSX Stocks article we will talk about trading volume and its importance in evaluating active shares, we will also present you with the list of most traded stocks in Canada and advise you 10 best Canadian stocks to buy. But if you want another stocks for trading here is Canadian stock list that we suggest checking out.
KEY TAKEAWAYS
- Understanding trading volume and how it relates to current stock price movements can help traders judge the significance of trends and even forecast future movements.
- Average daily trading volume is the number of shares or contracts in that trade over a given period of time, usually one day.
- For a stock to make a significant move or break through a resistance level, it usually takes a lot of trading volume.
Most Active TSX Stocks
The most active stocks are also known as volume leaders, these are the stocks of the public company with the most trading volume in shares or with the most dollar volume of shares traded during the last trading day.
A stock may have above average trading volume when important information comes out that affects its valuation. This creates pressure among investors to either buy or sell shares of the company, resulting in increased trading volume and strong price momentum in the shares.
Average daily trading volume is the number of shares or contracts in that trade over a given period of time, usually one day.
Volume helps traders establish how and why a security moves in a certain direction.
Tracking trading volume gives information on how a particular stock is performing, what affects its price, and how strong or weak the move might be.
For example,
- If a stock starts to move higher and is accompanied by a lot of trading volume, this is a sign that the uptrend will continue and continue.
- If stocks are trading higher and are accompanied by low trading volumes, this indicates that the trend may be weak and reverse quickly.
Trading volume can also provide insight into the likelihood of future price movements.
Stocks usually have a high trading volume when there is news about a company or new important related information.
For a stock to make a significant move or break through a resistance level, it usually takes a lot of trading volume. The higher the volume, the more likely the price change is to take hold, which can lead to strong price momentum.
Novice investors often shy away from investing in stocks because of lack of information. We will show you the ropes in "how to buy stocks in Canada" article.
List of Most Traded Stocks in Canada
These stocks are popular and are having the highest trading volumes on the Canadian stock market. Huge volumes tend to appear in tandem with strong price levels and pivot points, and are often the result of a large number of orders being filled on certain price levels, when big players enter the market. As any trader knows, where there's activity, there's the potential for volatility, and where there's volatility, there's the potential for profit.
Here is the list of the most active stocks today, by trading volume, Market Cap PE Ratio (TTM) 52 Week Range.
| Symbol | Name | Price | Volume | Market Cap |
|---|---|---|---|---|
| FFH.TO | Fairfax Financial Holdings Limited | 824.57 | 218,021 | 20.609B |
| SHOP.TO | Shopify Inc. | 58.91 | 5.405M | 75.418B |
| GSY.TO | goeasy Ltd. | 119.72 | 105,289 | 1.968B |
| CTC-A.TO | Canadian Tire Corporation, Limited | 158.70 | 123,833 | 9.721B |
| NVEI.TO | Nuvei Corporation | 46.23 | 436,514 | 6.532B |
| MG.TO | Magna International Inc. | 87.57 | 556,969 | 25.029B |
| RBA.TO | Ritchie Bros. Auctioneers Incorporated | 82.17 | 676,533 | 9.11B |
| ATZ.TO | Aritzia Inc. | 48.07 | 490,798 | 5.301B |
| TFII.TO | TFI International Inc. | 145.95 | 199,732 | 12.724B |
| NVDA.NE | NVIDIA Corporation | 18.45 | 134,519 | 590.902B |
Top 10 Canadian Stocks to Buy
Here is the list of top 10 Canadian stocks to buy in, based on their performance:
- Brookfield Asset Management
- Franco-Nevada Corporation
- Canadian Natural Resources
- Torex Gold Resources
- Freehold Royalties Ltd.
- Taiga Building Products Ltd.
- Guardian Capital Group Limited
- Tourmaline Oil Corp
- Vermilion Energy (VET)
- Baytex Energy
1. Brookfield Asset Management
Is a Canadian investment management company. It is one of the top Canadian stocks to buy and hold according to elite hedge funds. In November, Brookfield Asset Management Inc. (NYSE:BAM) announced the acquisition of Trimco Group (a supplier to NIKE, Inc., a Hong Kong clothing label manufacturer), for up to $900 million. In the third fiscal quarter, Brookfield Asset Management Inc. reported revenue of $23.4 billion, up 21.7% year-over-year.
- Market cap: 13.36 billion USD
- YTD performance: 13.01%
- Avg. Volume: 1,627,588
- P/E Ratio: 0.00
2. Franco-Nevada Corporation
Franco-Nevada Corporation is a mining and energy company, engaged in the mining of gold, silver and platinum group metals. Also develops oil, gas and liquid natural gas products operating in the United States, Latin America, Canada, Australia, Europe, Africa and other markets.
- Market cap: 35.376 billion USD
- YTD performance: 5.50%
- Avg. Volume: 778,505
- P/E Ratio: 34.37
3. Canadian Natural Resources
Canadian Natural Resources explores for, develops and sells crude oil, natural gas and natural gas liquids (NGLs). The company offers synthetic crude oil, light and medium crude oil, thermal oil, primary heavy crude oil and Pelican Lake heavy crude oil.
- Market cap: 61.473 billion USD
- YTD performance: 40.67%
- Avg. Volume: 2,312,965
- P/E Ratio: 7.34
4. Torex Gold Resources
Formerly known as Gleichen Resources is an intermediate gold producer in Mexico. The company also mines for silver, copper and carbon deposits.
- Market cap: 1.335 billion USD
- YTD performance: 18.25%
- Avg. Volume: 411,110,00
- P/E Ratio: 6.62
5. Freehold Royalties Ltd.
Is an oil and gas royalty company that owns working interests in oil, natural gas and potash properties in Western Canada and the United States. The company has interests in approximately 11,000 producing wells and receives royalty from 300 industry operators.
- Market cap: 2.385 billion USD
- YTD performance: 35.88%
- Avg. Volume: 628,293
- P/E Ratio: 11.81
6. Taiga Building Products Ltd.
Taiga is the leading independent wholesale distributor of building materials. Taiga operates 15 distribution centres in Canada, 3 distribution centres in the Western USA and 6 reload stations in Eastern USA — this ensures that a standing inventory specific to each market.
- Market cap: 324.513 million USD
- YTD performance: 14.50%
- Avg. Volume: 14,146
- P/E Ratio: 3.66
7. Guardian Capital Group Limited
Guardian Capital Group is a diversified financial services company operating in Canada and internationally. The company provides private wealth management services and manages institutional assets for pension plans, insurers, foundations, endowments and third-party funds.
- Market cap: 1.019 billion USD
- YTD performance: 8.39%
- Avg. Volume: 8,4900,0
- P/E Ratio: 7.47
8. Tourmaline Oil Corp
Tourmaline Oil Corp. acquires, explores for, develops and produces oil and natural gas properties in the Western Canadian Sedimentary Basin.
- Market cap: 23.093 billion USD
- YTD performance: 67.29%
- Avg. Volume: 4,915,486
- P/E Ratio: 4.24
9. Vermilion Energy
Vermilion Energy Inc. acquires, explores for, develops and produces petroleum and natural gas in North America, Europe and Australia.
- Market cap: 3.912 billion USD
- YTD performance: 50.75%
- Avg. Volume: 1,580,970
- P/E Ratio: 3.20
10. Baytex Energy
Baytex Energy Corp. is an oil and gas corporation based in Calgary, Alberta. The company acquires, develops and produces crude oil and natural gas in the Western Canadian Sedimentary Basin and in the Eagle Ford in the United States.
- Market cap: 3.329 billion USD
- YTD performance: 55.50%
- Avg. Volume: 3,437,393
- P/E Ratio: 3.18
Bottom Line on Most Active TSX Stocks
Understanding trading volume and how it relates to current stock price movements can help traders judge the significance of trends and even forecast future movements.
When this information is added to other technical and fundamental analysis data, it can complete the picture of Canadian stock and help traders make informed investment decisions. The abundance of information on the most actively traded stocks in Canada is very convenient for traders.
