The LD Micro Index Reconstituted With 346 Additions & 312 Removals
On February 1st, The LD Micro Index was reconstituted. 346 companies were added and 312 were removed.
The LD Micro Index is designed to give the most accurate representation of the intraday activity of microcap stocks in North America.
General criteria for inclusion in The LD Micro Index are as follows:
– Listed in the U.S. (NYSE/AMEX, Nasdaq, OTCM) or Canada (TSX, TSX Venture)
– Market cap between $50 million and $300 million
– Average daily traded value of $50,000 over preceding 3 months
– Filed 10Q or 10K in the preceding calendar year
There are now 1,014 active constituents on the LD Micro Index with an average market cap of $150.3 million.
Chris Lahiji, President of LD Micro, stated “As we turn three, more and more people in our industry are using the Index as an additional indicator for what is taking place on a daily, weekly, and monthly basis. We had record interest from funds this past year, due to the batshit fluctuations experienced in Q4. Let’s just say that the smallest public companies got smoked the hardest. From Abraxas Petroleum (AXAS) to Zagg (ZAGG), the list has changed a great deal and is worth a closer look. Since day one, our goal has always been to add much needed insight to the space. Shutdown or not, rain or shine (mostly rain), LD remains synonymous with the micro-cap world.”