The Canadian Securities Exchange (CSE) announced its market statistics for November 2021, which were highlighted by near-record listings growth and a new financing milestone.
Trading volume of CSE-listed securities totaled 2.6 billion shares, while the trading value of CSE-listed securities was $2.1 billion as issuers completed 82 financings that raised an aggregate $250 million.
There were 21 new listings, the third-highest monthly total in the CSE's history, bringing the total listed securities to 736 as of November 30, 2021.
READ: The CSE heralds new milestone in its corporate listings growth, which continues to lead all Canada-based stock exchanges
And the aggregate market value of CSE issuers was $47 billion as of November 30, 2021, compared to $42.1 billion at year-end 2020.
"The total capital raised by CSE issuers in 2021 surpassed $7 billion during November," said CSE CEO Richard Carleton in a statement.
"That is easily a record high. Our previous record for an entire year was in 2018, when the total capital raised was approximately $5.4 billion. In addition to the continued strength in trading and financing activity on the CSE, we are excited that our proposal to revise our listing policies and create a senior tier on the Exchange is moving closer to fruition, as a public comment period with regulators is now underway. We believe the proposal is clearly in the best interests of our issuers and the entire investment community."
That said, CSE noted that its proposal to materially revise its listing policies is currently open for public comment with the Ontario Securities Commission and British Columbia Securities Commission. Key features of the proposal are to create a senior tier for the CSE's larger and more advanced issuers, and to update listing requirements for earlier stage companies.
New listings in November 2021 include:
- CoinAnalyst Corp. (COYX)
- Pedro Resources Ltd. (VBN)
- Li-Metal Corp. (LIM)
- Alerio Gold Corp (CSE:ALE). (ALE) - Fundamental Change
- Big Red Mining Corp. (RED)
- The Good Flour Corp. (GFCO)
- Vejii Holdings (CSE:VEJI) Ltd. (VEJI)
- Muzhu Mining Ltd. (MUZU)
- Doseology Sciences Inc. (MOOD)
- The Fresh Factory B.C. Ltd. (FRSH)
- Tiidal Gaming Group Corp. (TIDL)
- Atmofizer Technologies Inc. (ATMO)
- Britannia Life Sciences Inc. (BLAB) - Fundamental Change
- Green Scientific Labs Holdings Inc. (GSL)
- Swarmio Media Holdings Inc. (SWRM)
- ASEP Medical Holdings Inc. (ASEP)
- Mongoose Mining Ltd. (MNG) - Fundamental Change
- Red Metal Resources Ltd. (OTC:RMES) (RMES)
- PR Technology Inc. (PRTI)
- TripSitter Clinic Ltd. (KETA)
- Railtown AI Technologies Inc. (RAIL)
Contact the author: patrick@proactiveinvestors.com
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