Proactive Investors - Run By Investors For Investors

The Canadian Securities Exchange sees 175% increase in trading volumes in first half

Listed issues raised over $320mln in the six months, up 161%, with 217 financings completed
The Canadian Securities Exchange sees 175% increase in trading volumes in first half
The value of CSE listed securities traded was $1.6 billion in the half - 586% higher.

The Canadian Securities Exchange (CSE) said trading volume on its listed stocks in the first half this year at 5.5bn shares was 175% higher than the same period of 2016.

Listed issues raised over $320mln in the six months, up 161%, with 217 financings completed, it added.

And the  value of CSE listed securities traded was $1.6 billion -  586% higher.

"The tremendous growth in trading volume and financings at the CSE during the first six months of 2017 is a reflection of our listed companies achieving their objectives," said Richard Carleton, chief executive.

"It is a credit to our entire issuer base. The primary reason companies go public is to gain access to capital more easily and under better terms than they would experience in other contexts. 

"As more and more companies accomplish this with a CSE listing, both the exchange and its issuers grow stronger.”

Technology, resource exploration and life sciences were among sectors experiencing markedly stronger investor engagement in the half, said CSE

Companies conducting financings in the first half included Namaste Technologies, which raised C$11.3 million, while Canadian Bioceutical Corporation carried out two financings raising a total of C$38.2 million. 

Issuers focused on the cannabis industry accounted for around half of the funds raised, with technology and resource exploration companies also attracting significant amounts of new capital.

Join Proactive’s Crypto, Blockchain and Cannabis Telegram group here
View full CSE profile View Profile

Canadian Securities Exchange (CSE) Timeline

Related Articles

CSE head office in Toronto
December 31 2018
Capital raised on the CSE set to increase over 500% by the end of 2018
Car
September 25 2018
Advantage Finance motor division continues to receive more than 80,000 applications for loans a month and customer numbers now stand at a record 58,000
PCF
December 05 2018
“I think we’re a different generation of bank that is a lot quicker on our feet, a lot quicker at reacting to what customers want and are a lot more attractive to the savings market,” PCF boss Scott Maybury said
Copyright © Proactiveinvestors.com, 2019. All Rights Reserved - Proactive Investors North America Inc., Proactive Investors LLC

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use