New Listings

Continuing to Shine: Strong July Performance for the CSE

Records just can’t seem to catch a break this year. Across North America major equity markets have all pushed to new highs as the wave of demand for equities continues its surge upward.

Like many of its counterparts this year, the CSE has also enjoyed a record breaking summer.

In June, the CSE set a new record for the most number of listings on the exchange within a month and in July, the CSE entered into record territory for the all-time highest number of listings within a year. With 21 securities listed in June and July, the CSE has reached a milestone of 51 securities listed in 2014.

By the end of July, there were 8 new listings from a diverse set of sectors that joined the CSE bringing the grand total of listings on the exchange to 236.

Joining the exchange were:

  • Galahad Metals Inc. (now Rosehearty Energy) – RHX
  • Monarch Energy Limited – CHX
  • Eyelogic Systems Inc. – EYE.A
  • Target Capital Inc. – TCI
  • Grenadier Resource Corp. – GAD
  • GTO Resources Inc. (now Velocity Data) – GTR (VCT)
  • Evolving Gold Corp. – EVG
  • Goldrea Resources Corp. – GOR

Listings, however, weren’t the only strong point in July. Momentum in other critical areas of the exchange also remained positive.

Trading activity in July, for example, came in at approximately 250 million shares traded and trading value reached over $52 million. These figures are just shy of the record breaking figures from June demonstrating that there is substantial interest in names traded on the CSE.

Accessibility to the exchange also increased for traders in July. The CSE announced that Vantage Wire will now carry real-time quotes on securities traded on the exchange, joining the growing list of major quote data feed providers.

The home stretch of 2014 should prove to be an exciting one in the history of the CSE.  With listings deals already in the pipeline,  August will continue to add to the record-breaking summer.

What is especially noteworthy, however, is that these exceptional listing and trading figures have been posted in what were supposed to have been the typically ‘quiet’ months.

With major events coming up this fall as well as an expected pick-up in the activity across the markets, the CSE doesn’t seem like they’re going to give the record books much time to rest any time soon.