If you’re wondering where the hottest place in Canada is this summer, it very well may be the CSE.
With a new record high number of listings in June 2014, the CSE is on pace to have its best year yet in terms of listings and trading activity and there is still plenty of time left on the calendar.
As we cross the halfway mark of 2014, the CSE has already seen 35 new listings join the exchange to date with 13 new listings added in June. The previous record for listings in a month was 10 (December 2010) and the previous high number of listings within a year (37) is within reach.
New to the exchange this month are:
- Lornex Capital Inc. – LOM
- West Point Resources Inc. – BLO
- Helius Medical Technologies Inc. – HSM
- Lions Gate Metals Inc. – LGM
- Appia Energy Corp. – API
- GoviEx Uranium Inc. – GXU
- Chlormet Technologies Inc. – PUF
- Murchison Minerals Ltd – MUR
- Mazorro Resources Inc. – MZO
- Orca Touchscreen Technologies – OAA
- BlackIce Enterprise Risk Management – BIS
- Highmark Marketing Inc. – HMK
- Big Rock Labs Inc. – BLA
New listings weren’t the only highlight, however, as trading volumes were equally as impressive. Over 257 million shares traded in June making it the third highest (so far) in terms of trading activity.
This past year has seen a surge in interest from public companies large and small who are looking to enhance their competitiveness by focusing on efficient use of capital. In this regard, the CSE continues to be an important option to consider, especially for entrepreneurially minded organizations.
While cost control is key, many companies also know that growth also comes with increased exposure. The OTC Market Group’s recent announcement of the CSE as a qualified foreign stock exchange means that companies can now have enhanced access to wider pools of capital across the continent.
While there may not be a ‘magic formula’ at work, the CSE believes that there are key ingredients entrepreneurial companies need for success: access to capital, operational simplicity and, most importantly, choice. As Managing Director of Listings Development Akthem Sumrain put it “the continued success that CSE is experiencing is further proof that there is in fact a much needed alternative in the Canadian capital markets.”
Like many of the entrepreneurs on and considering the exchange, the summer will continue to be a busy one. That said, despite the heat outside, the CSE and its supporters will be looking forward to a forecast that goes into the upper 30’s and beyond.