Mart Resources Inc MAUXF

MMT now has B rating by Schwab

[kcac1]

I think it is very significant that Schwarb has issued a B rating on a Penny Stock operating in Nigeria. It is very rare.

Here is link to their ratings report dated 7/6/12, hopefully non Schwab customers can open.

https://www.schwab.wallst.com/RESEARCH/CLIENT/Stocks/Reports/ReportRetrieve?YYY101_z5K6INmijHlQdLB08YbROKOVfWcqe41db1iOC35GPNX9agUO4IyrUesIHTddM6Bz&reportType=SchwabEquityRatingsIntl&symbol=202895

[cookster9]

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[oullins]

Kcat1, could it be that they did it due to the fact that Mart is not a penny stock.  $500M market cap, $1.50 a share, 20c a year dividend, no debt, $85M in the bank takes them a bit out of the definition of a penny stock. That's a lot of pennies if you ask me.   Cheers

[kcac1]

Oullins, SEC and most  use the term "penny stock" to refer to any stock less than $5, it used to be a $1.00 but they raised term to include >$5 stocks.  That is why I find the Schwab rating significant, it is very rare to see a share price under $5 on any major investments firms recommended list. It also points out the logic of a reverse split, if only to speed up process of

[oullins]

I stand corrected. I got confused with Larry's can trading at 5c a can. It now takes 30 cans per share so I thought we were out of the penny world. LOL. "There is no single accepted definition of a penny stock. Some people refer to them as stocks that trade for less than $1, others set the cut off point at $3, while some deem a penny stock anything that trades below $5, so there are a

[charm7]

This post has been removed in accordance with Community Policy

[goldennugget24]

TSX listing reqirement, I believe, is $2.00.  Blind Bat, are you there to confirm?  You're an expert on these rules.  We went through this with Allana last year.  I would still like to see a reverse split also.  gl

[hangemhigh4]

I owned WTN.TO for some time and it was on the TSX and was under $2.00. Same with some others. imo

[goldennugget24]

Allana is only .55 today also, but to get on the TSX it had to be over 2.00  (for 30 days).  I believe that is one of the requirements. 

[goldennugget24]

Ok, here are the requirements. No mention of 2.00. hmmmm https://www.venturelawcorp.com/listing_requirements_TSX.html TSX - Industrial & Technology Companies Listing Requirements Requirements Profitable Companies Companies Forecasting Profitability

[goldennugget24]

For exploration and mining companies. Listing Requirements of the Toronto Stock Exchange - TSX Exploration and Mining Companies * last updated March 10, 2011 The Toronto Stock Exchange has different listing requirements for natural resource

[slingshotz]

There's different requirements for O&G companies than the mining, but no mention of minimum stock price either.https://www.tmx.com/en/pdf/OilGas_Listing_Requirements.pdf