Maverix Metals moves to the big exchanges in Toronto and New York

Maverix Metals Inc (CVE:MMX) is moving up to the big boards in Toronto and New York.

The Vancouver-based junior mining company announced Thursday that its shares had been approved for listing on both the NYSE American and Toronto Stock Exchange. Both ticker symbols will be “MMX” and shares are expected to commence trading as of market open on June 25.

Shares of Maverix closed on the TSX Venture Exchange at C$5.55 on Thursday.

READ: Maverix Metals Inc applies to list on NYSE American exchange

The company, valued at nearly C$600 million market capitalization, has seen its shares rise 18.6% over the past six months.

Maverix also informed investors that it expects to delist its shares from both the OTCQX and TSX Venture Exchange markets.

In a statement, the company told shareholders it recommends that holders who bought their shares on the two aforementioned exchanges “monitor their institution or brokerage account to ensure their holdings are correctly reflected in respect of the listing on the NYSE American and TSX.”

Maverix Metals currently has a portfolio of 79 royalties and streams, of which 12 are producing mines.

The company said recently that it remains well-positioned to achieve its current production guidance of 22,500 and 24,500 ounces of gold for 2019.

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Story by ProactiveInvestors