2015 TSX Venture 50
Transcription
2015 TSX Venture 50
DIVERSIFIED INDUSTRIES PERFORMERS MINING STRONG OIL & GAS CLEAN TECHNOLOGY AND RENEWABLE ENERGY A ranking of TECHNOLOGY & LIFE SCIENCES The 2015 TSX Venture 50: on TSX Venture Exchange The 2015 TSX Venture 50® is a ranking of top performers on TSX Venture Exchange spanning clean technology, diversified industries, mining, oil & gas and technology & life sciences. These companies have shown impressive results in key measures of market performance. The ranking is comprised of 10 companies from each of the five industry sectors, and they were selected based on four equally weighted criteria: market capitalization growth, share price appreciation, trading volume and analyst coverage. The Top Performers This year’s top company overall is Ikkuma Resources Corp. (TSXV: IKM) a Western Canadian oil and gas company. The top ranked companies in each sector are: Clean technology: Legend Power Systems Inc. TSXV: LPS Diversified industries: theScore, Inc. TSXV: SCR Mining: Niocorp Developments Ltd. TSXV: NB Oil & gas: Ikkuma Resources Corp. TSXV: IKM Technology & life sciences: Patient Home Monitoring Corp. TSXV: PHM "TSX Venture Exchange provides a venue for small-cap, early-stage companies to access the capital they need to launch or expand – a market opportunity that is unparalleled globally. We are delighted to recognize the success of these companies." John McCoach, President, TSX Venture Exchange The Pick of the Street Following the official announcement of the 2015 TSX Venture 50, a selection of Canada’s professional investment community was polled by TMX Equicom – a division of TSX Company Services – for their choice of the “Pick of the Street” in each sector. This year's Pick of the Street is: Clean technology: EnWave Corporation TSXV: ENW Diversified industries: theScore, Inc. TSXV: SCR Mining: NexGen Energy Ltd. TSXV: NXE Oil & gas: Pine Cliff Energy Ltd. TSXV: PNE Technology & life sciences: Patient Home Monitoring Corp. TSXV: PHM 77 222 companies listed companies listed $946.4 million $7.3 billion market capitalization market capitalization 966 million 1.9 billion shares traded shares traded CLEAN TECHNOLOGY AND RENEWABLE ENERGY RANKING METHOD The 1,971 companies listed on TSX Venture Exchange as of December 31, 2014 were screened through the following filters to determine which companies would qualify as potential 2015 TSX Venture 50 candidates: • listed on TSX Venture Exchange more than one year as of December 31, 2014 • listed on TSX Venture Exchange on December 31, 2014 • market capitalization greater than C$5 million on December 31, 2014 • closing share price greater than C$0.25 on December 31, 2014 • share price of at least C$0.10 on December 31, 2013 In total, 275 companies qualified for the 2015 TSX Venture 50 ranking. These companies were ranked based on an equally weighted (25%) formula with four criteria: 1.Share Price: one-year share price change as of December 31, 2014 2.Trading: one-year trading volume as of December 31, 2014 3.Market Capitalization: one-year market capitalization [(issued-escrow shares) x price] change as of December 31 2014 4.Analyst Coverage: Number of analysts covering the companies as at December 31 2014 Historical share prices have been adjusted for dividends and/or stock consolidations. All currencies reported in Canadian dollars. TSXV considered companies’ compliance with Exchange Requirements and exercised discretion when determining qualified candidates. Data Sources Share Prices, Market Capitalization, Trading Volumes and Stock Splits: TSX and TSXV Market Intelligence Group Analyst Coverage and Dividends: S&P Capital IQ RANKING RANKING 1.LEGEND POWER SYSTEMS INC. (TSXV:LPS) is an electrical energy conservation company that manufactures and markets a patented device to help commercial and industrial customers achieve voltage optimization. legendpower.com 1.THESCORE, INC. (TSXV:SCR) creates mobile-first sports experiences, including personalized real-time news, scores, stats, alerts and daily fantasy sports contests via its mobile sports platforms ‘theScore,’ ‘theScore eSports,’ ‘ScoreMobileFC’ and ‘Swoopt.’ mobile.thescore.com 2.QUESTOR TECHNOLOGY INC. (TSXV:QST) is an international clean air technology company active globally. It provides clean combustion solutions for waste gas and eliminating emissions. questortech.com 2.JEMI FIBRE CORP. (TSXV:JFI) is a British Columbia-based forestry company engaged in the ownership of private timberlands, harvesting operations and manufacturing specialty wood products. Its operations consist of a full service contract logging division, a sawmill located in Edgewater, a manufacturing facility in Cranbrook producing pressure treated posts, rails and lumber for agricultural and industrial use, and private timberlands located in the Kootenay region. jemifibre.com 3.TITANIUM CORPORATION INC. (TSXV:TIC) provides sustainable solutions to reduce the environmental footprint of the oil sands industry, primarily through its “Creating Value from WasteTM” technology. CVWTM recovers bitumen, solvents and minerals from tailings, in order to prevent these commodities from entering tailings ponds and the atmosphere. titaniumcorporation.com 4.EPICORE BIONETWORKS INC. (TSXV:EBN) supplies products to the global aquaculture industry with a strong focus on the shrimp farming industries of Central and South America, and Asia. epicorebionetworks.com 5.BEVO AGRO INC. (TSXV:BVO) supplies propagated agricultural plants to established greenhouse growers, nurseries and retail outlets throughout North America. It operates 45 acres of greenhouse facilities on a total of 118 acres of land in British Columbia. bevofarms.com 6.CLEAN SEED CAPITAL GROUP LTD. (TSXV:CSX) has developed an advanced precision no-till seeding system comprising several individually patented technologies, including in-ground openers, proprietary seed and fertilizer metering, and electronic control systems. cleanseedcapital.com 7.H2O INNOVATION INC. (TSXV:HEO) designs and provides custom-built and integrated water treatment solutions based on membrane filtration technology to municipal, energy and natural resources end-users. h2oinnovation.com 8.PYROGENESIS CANADA INC. (TSXV:PYR) designs, develops, manufactures and sells advanced plasma processes. It provides engineering and manufacturing services, contract research, as well as turnkey process equipment packages to the defense, metallurgical, mining, advanced materials (including 3D printing), oil and gas, and environmental industries. pyrogenesis.com 9.EGUANA TECHNOLOGIES INC. (TSXV:EGT) is a Calgary, Alberta-based company which manufactures intelligent, high performance and low-voltage power control and conversion solutions for grid interactive energy storage systems for residential, small commercial, and light industrial applications globally. eguanatech.com All data current as of December 31, 2014. DIVERSIFIED INDUSTRIES 10.ENWAVE CORPORATION (TSXV:ENW) offers industrialscale dehydration technology for commercial applications in the food and pharmaceutical spaces. enwave.net 3.PARKIT ENTERPRISE INC. (TSXV:PKT) is an alternative real estate investment firm focused on income-producing parking facilities in the United States. parkitenterprise.com 4.TERRA FIRMA CAPITAL CORPORATION (TSXV:TII) is a full-service real estate finance company that provides customized equity and debt solutions to the real estate industry. tfcc.ca 5.PEOPLE CORPORATION (TSXV:PEO) provides group benefits, group retirement and human resources consulting products and services to companies across Canada. peoplecorporation.com 6.THE WESTAIM CORPORATION (TSXV:WED) is a Canadian investment company specializing in providing long-term capital to businesses operating primarily within the global financial services industry. It invests, directly and indirectly, through acquisitions, joint ventures and other arrangements. westaim.com 7.INPUT CAPITAL CORP. (TSXV:INP) is an agriculture commodity streaming company with a focus on canola. Through contracts with canola farmers in Western Canada, it purchases a fixed portion of the canola produced, at a fixed price, for the duration of the term of the contract. inputcapital.com 8.XPEL TECHNOLOGIES CORP. (TSXV:DAP.U) supplies automotive paint and headlamp protection films with numerous vehicle-specific applications and a worldwide network of installers. It is the developer of the Design Access Program software, and manufacturer of XPEL™ Automotive Paint and Headlamp Protection Products. xpel.com 9.INTERNATIONAL BARRIER TECHNOLOGY INC. (TSXV:IBH) develops, manufactures and markets proprietary fire retardant building materials. Barrier's PYROTITE® TECHNOLOGY is patent protected in the U.S., Canada and Australia. intlbarrier.com 10.IPLAYCO CORPORATION LTD. (TSXV :IPC) designs, supplies and installs play structures for children worldwide. It also owns and operates a family entertainment centre in Langley, British Columbia. iplaycoltd.com 1,201 229 188 companies listed companies listed companies listed $9.3 billion $5.1 billion $3.9 billion market capitalization market capitalization market capitalization 20.7 billion 9.1 billion 5.5 billion shares traded shares traded shares traded MINING OIL & GAS TECHNOLOGY & LIFE SCIENCES RANKING RANKING RANKING 1.NIOCORP DEVELOPMENTS LTD. (TSX:NB formerly TSXV:NB) is a Vancouver-based resource company developing the largest, undeveloped high-grade niobium deposit in North America, located near Elk Creek, Nebraska, in the U.S. niocorp.com 1.IKKUMA RESOURCES CORP. (TSXV:IKM) is a junior oil and gas company with holdings in both conventional and unconventional projects in the Foothills region of Western Canada. ikkumarescorp.com 1.PATIENT HOME MONITORING CORP. (TSXV:PHM) provides home-based services in the U.S. to patients with heart disease and other chronic health conditions. phmhometesting.com 2.EXCELSIOR MINING CORP. (TSXV:MIN) is a mineral exploration and development company that is developing the Gunnison Copper Project. excelsiormining.com 2.MAPAN ENERGY LTD. (TSXV:MPG) is an exploration and production company focused on areas in the western Canadian basin that offer access to both under developed reserves, lands and infrastructure. mapanenergy.com 3.NEVADA SUNRISE GOLD CORPORATION (TSXV:NEV) is a gold exploration company with a current portfolio of three exploration projects in Nevada, U.S.: Kinsley Mountain project; Golden Arrow project; and Roulette property. nevadasunrise.ca 4.NEXGEN ENERGY LTD. (TSXV:NXE) is a British Columbia corporation with a focus on the acquisition, exploration and development of Canadian uranium projects. It owns a portfolio of uranium exploration assets in the Athabasca Basin, Saskatchewan, Canada. nexgenenergy.ca 5.ROXGOLD INC. (TSXV:ROG) is a gold exploration and development company with its key asset, the Yaramoko Gold Project, located in the Houndé greenstone region of Burkina Faso, West Africa. roxgold.com 6.ASCOT RESOURCES LTD. (TSXV:AOT) is a resource company that explores and develops mineral and resource properties, including gold, silver and copper in North America. ascotresources.ca 7.BACANORA MINERALS LTD. (TSXV:BCN) explores and develops industrial mineral projects, with a primary focus on lithium and borates. The company's operations are based in Hermosillo in northern Mexico and it currently has two projects under development in the state of Sonora. bacanoraminerals.com 8.KAMINAK GOLD CORPORATION (TSXV: KAM) is an exploration and development company focusing on advancing the 100% owned Coffee Gold Project, an open-pit, heap leach project located in the Yukon, Canada. kaminak.com 9.RED EAGLE MINING CORPORATION (TSXV:RD) is a gold exploration and development company focused on discovering and developing gold projects with low costs and low technical risks in Colombia. redeaglemining.com 10.COLUMBUS GOLD CORPORATION (TSXV:CGT) is a gold exploration and development company operating in French Guiana and Nevada. At its 100% owned Paul Isnard Project in French Guiana, Columbus is developing the Montagne d'Or Gold Deposit. In Nevada, it is developing the Eastside oxide gold discovery. columbusgoldcorp.com 3.ARPETROL LTD. (TSXV:RPT) is a Calgary-based company engaged in oil and natural gas exploration, development and production, and third-party natural gas processing in Argentina, where it owns and operates a gas processing facility. arpetrol.com 4.PINE CLIFF ENERGY LTD. (TSXV:PNE) is a natural gas focused company in Alberta and Saskatchewan with a long-term view of shareholder value creation. pinecliffenergy.com 5.STONEHAVEN EXPLORATION LTD. (TSXV:SE) is a Canadian oil and natural gas exploration and production company with operations at Fir and Bigstone, Alberta. stonehavenexp.com 6.QUATTRO EXPLORATION AND PRODUCTION LTD. (TSXV:QXP) is focused on the conventional exploration and development of oil and natural gas reserves in Western Canada, primarily in south central Saskatchewan, with an expanding presence in Alberta. It is also focused on opportunities in Central and South America. qxp-petro.com 7.TUSCANY ENERGY LTD. (TSXV:TUS) is an exploration and development company focused on heavy oil projects in the Lloydminster region of Alberta and Saskatchewan. tuscanyenergy.com 8.TORO OIL & GAS LTD. (TSXV:TOO) is a recently created Calgary-based junior resource company led by Barry Olson. It is engaged in the acquisition, development and production of light oil and liquids rich horizons within Western Canada. Toro controls 122 net sections of land in the light oil Alberta Viking fairway. torooil.com 9.KICKING HORSE ENERGY INC. (TSXV:KCK) is focused on the development of Alberta’s liquids-rich Montney Formation tight gas play. kickinghorseenergy.com 10.TAIPAN RESOURCES INC. (TSXV:TPN) is an oil exploration company focused on sub-saharan Africa with interests in oil and gas exploration blocks 1 and 2B in northeast Kenya. Taipan holds its Kenyan interests through it wholly owned subsidiary Lion Petroleum Corp. taipanresources.com 2.POET TECHNOLOGIES INC. (TSXV:PTK) designs III-V semiconductor devices for military, industrial and commercial applications, including infrared sensor arrays and ultra-low-power random access memory. poet-technologies.com 3.SNIPP INTERACTIVE INC. (TSXV:SPN) is an international provider of mobile marketing solutions. It focuses on building cross-device shopper marketing solutions for companies to engage and interact with their customers. snipp.com 4.EXO U INC. (TSXV:EXO) is a software provider that has developed a platform to enable businesses and educational institutions to manage their mobile workforce and students by delivering engaging experiences spanning desktop and mobile applications. exou.com 5.PHOTON CONTROL INC. (TSXV :PHO) designs, manufactures and distributes a range of optical sensors and instruments to measure temperature, pressure, position and flow. photon-control.com 6.SPECTRA7 MICROSYSTEMS INC. (TSXV:SEV) is an analog semiconductor company that provides ultra-light, high-speed, micro-thin interconnects enabling new classes of industrial design for consumer electronic products, including Ultra-HD 4K displays and televisions, virtual reality, wearable computing and tablets. spectra7.com 7.ENGAGEMENT LABS INC. (TSXV:EL) provides an intelligent data on demand platform for agencies, marketing teams and dashboard providers. The platform supports the entire social marketing cycle by providing numerous metrics to measure social performance and return on investment for brands to evaluate and coordinate social media activities across all online channels. engagementlabs.com 8.THERALASE TECHNOLOGIES INC. (TSXV:TLT) designs, develops and manufactures super-pulsed, cold laser technology for a wide range of human, companion animal and equine applications. theralase.com 9.IMPERUS TECHNOLOGIES CORP. (TSXV:LAB) specializes in the convergence of social networking, mobile gaming, and real money gaming and is the developer of CASINA, a social gaming software platform. imperus.com 10.PRONTOFORMS CORPORATION (TSXV:PFM) provides data collection and business process solutions through its proprietary product ProntoForms. This solution incorporates a mobile device app, a web management portal to manage teams and data flow, and provides the ability to export or connect data to the back office or to cloud services. prontoforms.com 2015 TSX Venture 50® SECTOR LISTING RANKING TICKER COMPANY NAME DATE TECHNOLOGY & LIFE SCIENCES OIL & GAS MINING DIVERSIFIED INDUSTRIES CLEAN TECHNOLOGY AND RENEWABLE ENERGY 1 LPS 2 QST 3 TIC 4 EBN 5 BVO 6 CSX 7 HEO 8 PYR 9 EGT 10 ENW 1 SCR 2 JFI 3 PKT 4 TII 5 PEO 6 WED 7 INP 8 DAP.U 9 IBH 10 IPC 1NB 2 MIN 3 NEV 4 NXE 5 ROG 6 AOT 7 BCN 8 KAM 9 RD 10 CGT 1 IKM 2 MPG 3 RPT 4 PNE 5 SE 6 QXP 7 TUS 8 TOO 9 KCK 10 TPN 1 PHM 2 PTK 3 SPN 4 EXO 5 PHO 6 SEV 7 EL 8 TLT 9 LAB 10 PFM Legend Power Systems Inc. Questor Technology Inc. Titanium Corporation Inc. Epicore BioNetworks Inc. Bevo Agro Inc. Clean Seed Capital Group Ltd. H2O Innovation Inc. PyroGenesis Canada Inc.° Eguana Technologies Inc. EnWave Corporation + theScore, Inc. + Jemi Fibre Corp. Parkit Enterprise Inc. Terra Firma Capital Corporation° People Corporation The Westaim Corporation Input Capital Corp.° XPEL Technologies Corp. International Barrier Technology Inc. Iplayco Corporation Ltd.° Niocorp Developments Ltd.* Excelsior Mining Corp.° Nevada Sunrise Gold Corporation NexGen Energy Ltd.° + Roxgold Inc. Ascot Resources Ltd. Bacanora Minerals Ltd.° Kaminak Gold Corporation Red Eagle Mining Corporation Columbus Gold Corporation Ikkuma Resources Corp. ★ Mapan Energy Ltd. ArPetrol Ltd. Pine Cliff Energy Ltd. + Stonehaven Exploration Ltd.° Quattro Exploration and Production Ltd. Tuscany Energy Ltd. Toro Oil & Gas Ltd.° Kicking Horse Energy Inc. Taipan Resources Inc.° Patient Home Monitoring Corp. + POET Technologies Inc. Snipp Interactive Inc.° EXO U Inc.° Photon Control Inc. Spectra7 Microsystems Inc.° Engagement Labs Inc.° Theralase Technologies Inc. Imperus Technologies Corp.° ProntoForms Corporation° ° Went public via Capital Pool Company® Program + “Pick of the Street” 3-Jul-08 3-Mar-98 1-Oct-01 23-May-91 11-Jul-00 28-Sep-11 1-Mar-06 20-Jul-11 27-Dec-12 9-Aug-99 24-Oct-12 27-Jun-13 23-Oct-09 18-Dec-08 30-May-07 9-Jan-13 22-Jul-13 27-Feb-06 11-Mar-96 26-Nov-03 12-Feb-09 18-Oct-10 22-Sep-08 23-Apr-13 16-Jan-07 26-Feb-87 20-Apr-10 23-Nov-05 28-Jun-11 24-May-06 3-Sep-04 6-Jul-07 8-Apr-11 11-Apr-05 30-Aug-10 23-Nov-11 19-Jul-13 2-Nov-09 28-May-98 25-Jul-12 8-Jun-10 5-Dec-07 6-Mar-12 24-Jun-13 9-Aug-02 19-Feb-13 12-May-09 2-Nov-04 13-Nov-13 20-Aug-09 2014 TRADING VOLUME 24,138,211 36,580,960 31,185,221 3,654,175 880,893 6,957,850 13,120,399 12,754,319 5,232,042 10,500,672 168,223,949 8,690,542 24,260,407 26,797,749 14,585,344 12,346,723 37,620,087 8,408,024 9,021,478 3,423,427 73,864,941 59,584,746 16,020,459 142,812,309 110,418,407 15,228,517 19,193,144 43,434,173 20,098,893 37,711,362 230,324,062 194,859,713 88,541,973 390,016,363 74,904,409 10,312,837 9,904,043 45,805,577 118,747,238 92,959,198 398,874,261 232,030,965 33,454,234 22,655,691 52,757,721 113,338,097 21,259,080 158,211,648 43,714,165 14,677,162 ★ Number 1 company overall * Graduated to Toronto Stock Exchange on March 9, 2015. All data current as of December 31, 2014. This information is provided for information purposes only. Neither TMX Group Limited nor any of its affiliated companies guarantees the completeness of the information contained in this document and we are not responsible for any errors or omissions in or your use of, or reliance on, the information. The information provided is not an invitation to purchase securities listed on TSX Venture Exchange. TMX Group and its affiliated companies do not endorse or recommend any securities referenced in this document. Please seek professional advice to evaluate specific securities. This document is not 2014 52 WEEK HIGH/LOW SHARE PRICE($) 31-DEC-2013 0.72/0.13 5.05/1.62 2.14/0.48 0.83/0.25 0.39/0.15 0.89/0.30 2.38/1.35 0.83/0.28 0.65/0.28 1.52/0.99 0.54/0.16 1.39/0.12 0.80/0.25 0.91/0.36 3.10/1.30 3.48/2.03 2.85/1.82 3.84/1.30 0.48/0.13 1.60/0.57 0.81/0.15 0.63/0.11 1.50/0.13 0.65/0.23 0.93/0.39 2.40/0.66 1.60/0.32 1.19/0.53 0.41/0.18 0.63/0.30 6.90/0.35 2.52/0.72 0.68/0.13 2.13/1.00 2.40/1.00 0.93/0.10 0.74/0.15 4.00/0.88 7.47/2.00 0.66/0.14 0.87/0.22 2.87/0.49 0.61/0.09 4.56/0.70 0.57/0.26 1.04/0.26 0.70/0.30 0.78/0.21 0.66/0.28 0.60/0.18 0.13 1.63 0.50 0.25 0.15 0.43 1.43 0.40 0.40 1.40 0.17 0.17 0.36 0.43 1.35 2.11 1.86 1.30 0.19 0.60 0.15 0.12 0.15 0.30 0.45 0.66 0.40 0.56 0.21 0.30 0.35 0.72 0.13 1.04 1.00 0.12 0.15 1.25 4.13 0.27 0.30 0.52 0.13 0.80 0.26 0.64 0.30 0.44 0.28 0.20 SHARE SHARE MARKET MARKET MARKET NUMBER OF PRICE ($)PRICE CAPITALIZATION($) CAPITALIZATION($) CAPITALIZATION SHARES O/S 31-DEC-2014CHANGE 31-DEC-2013 31-DEC-2014 CHANGE 31-DEC-2014 0.37 3.07 0.83 0.77 0.39 0.51 1.46 0.31 0.33 1.20 0.54 0.83 0.55 0.69 2.58 3.05 2.20 3.14 0.42 1.29 0.78 0.26 0.36 0.38 0.55 1.77 0.83 0.77 0.30 0.42 0.99 1.15 0.28 1.68 1.80 0.39 0.32 1.00 3.14 0.28 0.87 1.46 0.61 1.99 0.51 0.73 0.47 0.57 0.42 0.40 185% 88% 66% 208% 160% 19% 2% -23% -18% -14% 218% 403% 53% 60% 91% 45% 18% 142% 121% 115% 420% 122% 140% 29% 24% 168% 108% 38% 46% 40% 183% 60% 124% 62% 80% 239% 110% -20% -24% 4% 190% 181% 369% 149% 100% 14% 57% 30% 50% 100% 5,282,429 41,128,763 32,089,708 6,324,724 3,830,390 9,534,300 20,526,920 9,396,267 11,101,445 113,009,786 33,157,696 992,390 5,742,785 13,263,350 44,728,384 29,337,841 95,170,324 33,520,435 8,437,141 6,132,112 15,059,599 5,822,678 1,450,098 24,467,447 75,983,281 60,575,244 25,316,325 49,578,710 10,727,408 36,310,045 1,007,225 1,063,221 2,639,607 208,200,469 4,885,902 3,954,968 5,905,713 4,679,028 77,492,568 22,909,328 29,970,506 68,991,580 3,584,693 8,318,968 25,963,977 20,377,623 2,179,673 28,919,576 10,685,380 13,410,715 21,020,427 79,328,401 53,472,782 19,668,800 9,959,014 16,468,622 30,552,829 12,737,512 19,170,256 101,247,311 136,459,675 31,134,545 17,010,908 28,691,787 102,963,027 214,406,893 169,540,532 80,964,743 18,692,522 26,922,541 97,495,208 29,274,398 8,109,836 52,509,335 158,251,884 176,808,357 70,023,499 94,354,884 22,179,814 57,185,136 79,356,189 78,015,016 6,412,411 392,900,355 8,794,625 13,566,161 16,359,037 34,215,537 187,648,956 29,830,169 158,594,339 243,204,003 35,068,045 36,786,113 52,114,614 52,120,855 11,873,203 48,348,137 18,197,985 31,783,334 298% 93% 67% 211% 160% 73% 49% 36% 73% -10% 312% 3,037% 196% 116% 130% 631% 78% 142% 122% 339% 547% 403% 459% 115% 108% 192% 177% 90% 107% 57% 7,779% 7,238% 143% 89% 80% 243% 177% 631% 142% 30% 429% 253% 878% 342% 101% 156% 445% 67% 70% 137% 56,811,964 25,839,870 64,425,039 25,543,896 25,535,933 32,291,416 20,926,595 41,088,747 58,091,686 84,372,759 252,703,101 37,511,500 30,928,923 41,582,300 39,908,150 70,297,342 77,063,878 25,784,950 44,506,004 20,870,187 124,993,856 114,801,562 22,527,321 138,182,461 287,730,698 99,891,727 84,365,661 122,538,811 73,932,714 136,155,086 80,157,767 67,839,144 22,901,468 233,869,259 4,885,903 34,785,028 51,121,990 34,215,537 59,760,814 106,536,317 182,292,344 166,578,084 57,488,599 18,485,484 102,185,518 71,398,431 25,262,135 84,821,293 43,328,535 79,458,334 ANALYST COVERAGE 5 2 1 2 2 3 10 2 4 8 7 1 4 3 8 2 6 5 2 1 2 1 3 intended to provide legal, accounting, tax, investment, financial or other advice and should not be relied upon for such advice. NEX, TMX, TMX Group, Toronto Stock Exchange, TSX, TSX Venture Exchange, TSX Venture 50, the TSX Venture 50 design and TSXV are trade-marks of TSX Inc. Equicom is the trade-mark of The Equicom Group Inc. and is used under license. All other trade-marks used are the property of their respective owners. © 2015 TSX Inc. All rights reserved. Do not sell or modify this document without TSX Inc.’s prior written consent.