New Listings
Heading into summer, it looks like the temperature isn’t the only thing heating up. May was a stellar month at the CSE with eight new listings joining the Exchange for Entrepreneurs bringing the total number of listed securities on the Exchange to 288 as of May 31st.
The trend of companies from a diversity of backgrounds joining the Exchange continued in May with firms from natural resources, technology and life sciences coming aboard. Included in the new listings for May were seven equity listings and one debenture.
Here are the new listings on the CSE for May:
- SustainCo Redeemable Debenture (SMS.DB)
- Marapharm Ventures Inc. (MDM)
- Toro Resources Corp. (TRK)
- Global Remote Technologies Ltd. (RGT)
- Meryllion Resources Corporation (MYR)
- Targeted Microwave Solutions Inc. (TMS)
- Arbitrage Exploration Inc. (AEA)
- Asante Gold Corporation (ASE)
Financing Activity
Companies listed on the CSE were also active in raising capital in May. There were 16 financing deals that closed in May totalling just shy of $10M and bringing the level of capital raised on the CSE for 2015 to $68M. On a year over year basis, this represents an increase of 13% in financing activity.
Of the 100 financing deals completed thus far in 2015, 71 have come from separate companies.
The focus on technology companies has been evident in 2015 with almost ¾ of the financing deals coming from the technology sector and the remainder split evenly between diversified industries and mining respectively.
CSE Trading Activity
CSE trading activity continued to trend downward heading into the summer months. A total of 12,478 trades were placed with a volume of 155M shares traded and a total value of almost $19M.
The top five most active issues on the CSE by volume for May were:
- Nutritional High International Inc.
- InMed Pharmaceuticals Inc.
- Hi Ho Silver Resources Inc.
- Umbral Energy Corp.
- Matica Enterprises Inc.
The top five most actively traded issues on the CSE for May were:
- InMed Pharmaceuticals Inc.
- Cannabix Technologies Inc.
- Aurora Cannabis Inc.
- Nutritional High International Inc.
- Supreme Pharmaceuticals Inc.
For full trading information for May, click here to access the monthly trading summary.