Top Trade Volumes in Germany: BC-focused Jaxon Minerals at the Top

Companies that are listed in Canada are often listed on German exchanges as well, and while many investors don’t pay attention to these German listings, there is a case to be made for doing so.

Why? Most notably, German market activity tends to mirror activity in the Canadian market. That means that when a company disseminates news in Germany and experiences high trading volume, that activity may be repeated when the news is released in Canada. Because the German markets open hours ahead of the Canadian markets, Canadian investors can essentially get a “preview” of how stocks will perform.

Last week, the stocks with the highest trading volumes in Germany were as follows:

• Monday (June 26) — Jaxon Minerals (TSXV:JAX,FWB:0U3): Germany: 1,799,617; Canada 1,962,710

• Tuesday (June 27) — Lingo Media (TSXV:LM,FWB:LIMA): Germany: 719,119; Canada: 1,310,077

• Wednesday (June 28) — N/A: data unavailable

• Thursday (June 29) — Marapharm Ventures (CSE:MDM,FWB:2M0): Germany: 2,144,292; Canada: 911,743

• Friday (June 30) — N/A: data unavailable

Jaxon Minerals

Monday’s top trader was Jaxon Minerals, a Vancouver-based exploration company with two properties in BC; its flagship asset is the Hazelton silver property. Jaxon traded substantial volumes in both Germany and Canada, with 1,799,617 shares traded in Germany and 1,962,710 shares traded in Canada.

The company recently closed a financing and signed on a new chairman and lead director, both good signals to investors of what might be to come.

Lingo Media

On the tech side, Lingo Media traded 719,119 shares in Germany on Tuesday and 1,310,077 in Canada, making it Germany’s top trader for the day. Lingo Media is an edtech company that focuses on English education software and other avenues such as print. 

Last week, the company signed a deal with HP (NYSE:HPQ) to form a strategic partnership for the education market in Latin America. It also provided an update on its proposed merger with Schoold, noting that both parties have agreed to extend the term of their previously announced letter of intent.

Marapharm Ventures

Finally, Marapharm Ventures was the top volume trader in Germany on June 29, trading 144,292 shares in Germany and 911,743 in Canada. 
The high volume correlated to the company’s announcement that it had received a conditional approval letter to use 70,000 square feet to cultivate marijuana for recreational use; Marapharm was given its license for the space the next day. Recreational marijuana was legalized in Nevada on July 1.
By Megan Keevil
Data in this article was obtained from https://app.zimtuadvantage.com, the only free online tool that helps users easily monitor cross-listed stocks in the German and Canadian marketplaces. Only stocks with market caps of over $10 million were considered for this article.

Disclaimer: The views and opinions in this article are those of the author and do not reflect the views of Investing News Network or the company examples provided. The author is employed by Zimtu Capital in Vancouver, and Golden Dawn Minerals is an equity holding of Zimtu Capital. The author holds no direct investment interest in any company mentioned in this article.

About the author — Megan grew up in Vancouver and has been working in the mineral resource industry for a number of years, both in offices and on site. She has a passion for travel and has spent time living in Australia and the UK. Having returned from living in London last fall, Megan currently works as marketing and client relations associate in Vancouver. She enjoys live music, writing, film, photography and recently started making her own soap products.