Datametrex AI (TSXV: DM) this morning continued its week of major announcements, indicating that it is looking to up-list its equity. The firm is looking to move its Canadian listing from the Venture exchange to the Toronto Stock Exchange big board.
The firm has currently indicated that it is looking to complete the move sometime in the first half of the year, with the firms board having already approved of the decision to move the listing. The process to move to the TSX has reportedly already been initiated.
The firm will continue to trade on the Venture exchange in Canada until the move is accepted by the TSX, with the firm indicating that the ability to move remains subject to certain requirements being met by the company and the final approval of the big board exchange.
|Up-listing to the TSX main board will help the Company with its growth strategy. It also recognizes the strong growth performance the Company has had over the last few quarters. The Company anticipates that listing on the TSX main board will generate increased institutional awareness and attract a broader range of investors globally who are looking for companies with strong emerging technologies and expertise,” said CEO Marshall Gunter on the initiative.
The development follows the firm yesterday announcing that it has been awarded a $40 million R&D contract related to its AI technology.
Datametrex AI last traded at $0.235 on the TSX Venture.
FULL DISCLOSURE: DataMetrex AI Limited is a client of Canacom Group, the parent company of The Deep Dive. The author has been compensated to cover DataMetrex AI Limited on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. We may buy or sell securities in the company at any time. Always do additional research and consult a professional before purchasing a security.
As the founder of The Deep Dive, Jay is focused on all aspects of the firm. This includes operations, as well as acting as the primary writer for The Deep Dive’s stock analysis. In addition to The Deep Dive, Jay performs freelance writing for a number of firms and has been published on Stockhouse.com and CannaInvestor Magazine among others.