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 volumes, 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.
The stocks with the highest trading volumes in Germany last week were as follows:
- Monday (July 10) — Zecotek Photonics (TSXV:ZMS); Germany — 603,360
- Tuesday (July 11) — Veritas Pharma (OTCMKTS:VRTHF); Germany — 536,897
- Wednesday (July 12) — Nano One Materials (TSXV:NNO); Germany — 2,153,041
- Thursday (July 13) — Jaxon Minerals (TSXV:JAX); Germany — 1,399,966
- Friday (July 14) — POET Technologies (TSXV:PTK); Germany — 563,250
Zecotek Photonics is developing photonics technologies for a variety of applications. It did not release any news last week, but at the beginning of July it made two announcements — it received orders in the amount of $1.2 million for its patented LFS scintillation crystals, and signed a joint development agreement with one of Germany’s leading car manufacturers.
The company is listed on the Frankfurt, Tradegate, Stuttgart, Dusseldorf and Berlin exchanges.
Veritas Pharma is a pharmaceutical company with a focus on medical cannabis research. Its immediate aim is to develop strains that specifically target cancer pain and nausea; Veritas is also seeking to address the need for strong scientific research to support its direction.
Last week Veritas Pharma made several announcements. It said it is preparing to start construction of a cannabis growing facility, revealed that it is moving toward clinical trials and appointed RwE Growth Partners to help assess its investment in Cannevert Therapeutics. Cannevert is the company’s 80-percent-owned research arm.
The company is listed on the Berlin, Frankfurt, Munich, Stuttgart and Tradegate exchanges
Nano One Materials
Nano One Materials is a Vancouver-based technology company that has developed a scalable industrial process for producing low-cost, high-performance battery materials. It did not release any news last week, but its position was recently strengthened when it received a new patent. According to the company, the patent “expands Nano One’s propriety position to include the improvements in battery performance provided by the lithium ion cathode materials produced using Nano One’s process.”
The company is listed on the Frankfurt, Tradegate, Stuttgart, Munich and Berlin exchanges.
Jaxon Minerals is an exploration company that has been steadily gaining momentum in recent months having provided updates on drill results at its properties in Northern BC. Last week, Jaxon announced an increase in a non-brokered private placement it first announced in June. It follows the news that the company has identified new massive sulfide occurrences at its flagship Hazelton property.
The company is listed on Frankfurt, Munich, Tradegate and Stuttgart exchanges.
POET Technologies is a Canadian tech company with an integrated circuit platform designed to provide data management at extremely efficient speeds. The company uses gallium arsenide instead of silicon for a substrate, claiming it has advantages such as lower energy consumption. POET Technologies had its AGM on July 13, and experienced high trading volumes on both July 13 and 14.
The company is listed on Frankfurt, Tradegate, Munich, Stuttgart, Dusseldorf and Berlin exchanges.
By Megan Keevil
Data in this article was obtained from http://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. 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.