The Oreninc Index fell to the lowest level since its creation in 2010 during the week ending January 10, 2013.  This week was the second in a row with no brokered offerings announced and the fourth week with no bought deals. The financing market is in a significant slump and the natural resource industry is feeling it throughout.

The Oreninc Index fell during the week straddling New Years, which ended January 3, 2013.  The week saw a slight increase in total deals opened from the previous week, however average deal size fell significantly.  In addition, there were no brokered or bought deals announced.  The next few weeks will likely show slight gains, however January’s anemic history should continue in 2013.

The Oreninc Index concluded 2012 by climbing for three weeks and falling the last full week of the year, which ended December 27, 2012.  The week ending December 20, 2012 had the most deal openings of the year.  However, the average deal size was down significantly, highlighting a push by micro-cap companies to pick up whatever scraps (especially flow-through) were left before Christmas and New Years.  Hopefully 2013 brings a healthier market for companies looking to move projects along, as 2012 was a year the industry can’t wait to leave behind.