Glance Technologies (CSE:GET; OTCQB:GLNNF) has announced the company has been added to the CSE25 Index and CSE Composite Index.
As quoted in the press release:
Glance Technologies has the largest market cap of a new company to be added to the quarter rebalance and is the 5th largest company on the CSE25 Index.
“The CSE has grown rapidly in terms of trading volumes and market capitalization since the launch of the CSE25 Index in September 2017,” says Robert Cook, Senior VP Market Department, Canadian Securities Exchange, “The corporate achievements of Glance Technologies has resulted in their joining this index which tracks our largest and most liquid issues. As the ‘exchange for entrepreneurs’ we are proud of their success in the Canadian capital markets.”
The CSE25 Index contains the securities of the 25 largest listed companies by market capitalization on the CSE. The CSE Composite Index is a broad indicator of market activity for the CSE. With approximately 75% coverage of all equities listed on the CSE it is a uniquely positioned gauge of the Canadian small cap market. The index provides a distinctly different risk/return profile than the broad Canadian equity market.