Industry News

Vancouver’s Cooper Fox Metals this year’s top ranked company

By IE Staff |

The TSX Venture Exchange Tuesday released the results of the 2011 TSX Venture 50, a ranking of strong performing companies listed on TSXV.

The TSX Venture 50 is made up of 10 companies from each of five sectors: clean technology; mining; oil & gas; diversified industries, and technology & life sciences.

The year’s top ranked company is: Copper Fox Metals Inc. (CUU), a Vancouver-based mining company.

The top ranked companies from the five industry sectors are:
> Clean technology: AgriMarine Holdings Inc. (FSH);
> Diversified industries: Western Energy Services Corp. (WRG);
> Mining: Copper Fox Metals Inc. (CUU);
> Oil & gas: Xcite Energy Limited (XEL); and
> Technology & life sciences: Titan Medical Inc. (TMD).

“Our market provides a unique growth opportunity for early stage companies, and we are very pleased to celebrate the success of these issuers,” said John McCoach, president, TSXV, in a release.

The 2011 TSX Venture 50 companies were chosen based on the following criteria, with equal weighting assigned to each: share price appreciation, trading volume, market capitalization growth and analyst coverage.

The 2,154 companies listed on TSXV were analyzed according to the following measures as of Dec. 31, 2010: listed on TSXV more than one year; market capitalization greater than $5 million; and closing share price greater than $0.25. An additional measure was closing share price of at least $0.10 on Dec. 31, 2009.

For a completed list of the the 2011 TSX Venture 50, click here.

An event will be held on March 31 at the TMX Broadcast Centre in Toronto to celebrate the 2011 TSX Venture 50. Awards will be presented to the Top 50 companies, and brief presentations will be made by representatives from the top company in each sector. The event will also feature a panel of sector analysts who will discuss recent industry trends.

IE