- Fobi AI (FOBI) has been added to the S&P/TSX Venture Composite Index
- The S&P/TSX Venture Composite Index is a Canadian benchmark index for companies that meet qualifying metrics
- Inclusion in the S&P/TSX Venture Composite provides Fobi with the potential to widen its investor base by opening it up to index funds and similar types of investment instruments
- Fobi is a data intelligence company that helps clients turn real-time data into actionable insights and personalized customer engagement to generate increased profits
- Fobi AI Stock (TSXV:FOBI) opened trading at $0.41 per share
Fobi AI (FOBI) has been added to the S&P/TSX Venture Composite Index.
The S&P/TSX Venture Composite Index is a benchmark index for companies that meet qualifying metrics.
The Index is a broad market capitalization-based index which is designed to measure the performance of securities listed on the TSX Venture Exchange, Canada’s public venture capital marketplace.
Inclusion in the S&P/TSX Venture Composite provides Fobi with the potential to widen its investor base by opening it up to index funds and similar types of investment instruments.
“The addition of Fobi to the Index is another great milestone for the company and its shareholders,” said Rob Anson, CEO of Fobi AI.
“In a year that has challenged the world’s biggest companies, this serves as validation of the hard work and careful planning we have put into both the operations and capital markets side of Fobi to deliver outstanding relative success versus all of our peers,” he added.
The company believes that from a practical point of view, portfolio managers will now need to add the index weighted amount of shares of Fobi in their portfolios – and continue to add shares to maintain weighting as their assets under management grow – which should benefit the liquidity of our stock for the foreseeable future.
The S&P/TSX Venture Composite Index is maintained by the S&P/TSX Canadian Index Committee, which is made up of four members representing S&P Indices and three members representing the Toronto Stock Exchange.
Fobi is a data intelligence company that helps clients turn real-time data into actionable insights and personalized customer engagement to generate increased profits.
Fobi AI Inc. opened trading at $0.41 per share.