ICOx Innovations Inc (TSXV and OTCMKTS: ICOX) is having a strong day in the market today, and for good reason. The company announced that it has uplisted to the TSX Venture Exchange, exciting investors and sending the stock on a run for the top. Today, we’ll talk about:
- The announcement;
- what we’re seeing from ICOX stock as a result; and
- what we’ll be watching for ahead.
ICOX Announces Uplist To The TSXV
As mentioned above, ICOx Innovations is having a strong day in the market today after announcing its uplist to the TSX Venture Exchange. In the release, the company said that it would trade under the symbol, “ICOX” effective at the opening today. The company has been approved for listing as a Tier 2 Technology Issuer on the Exchange.
In a statement, Bruce Elliott, President at ICOx Innovations, had the following to offer:
The ICOx focus on regulatory compliance, corporate governance and program execution allows us to attract world class talent and international brand partners. From KodakONE, BitRail and our pipeline of opportunities, we are solving real world problems to help brands reduce transaction costs, increase customer adoption and raise engagement levels with blockchain technology and their own branded and regulated cryptocurrencies.
To read the full release, click here!
What We’re Seeing From The Stock
One of the first lessons that we learn when we start to dig into the market is that the news leads to moves. When it comes to ICOx innovations, the news proved to be positive. After all, the uplist to the TSX Venture brings the company financial opportunity ahead. So, it’s not surprising to see that the stock is making a run for the top. At the moment (12:09), ICOX is trading at $0.50 per share after a gain of $0.01 per share or 2.04% thus far today.
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What We’ll Be Watching For Ahead
Moving forward, the CNA Finance team will continue to keep a close eye on ICOX. At the moment, we are digging deeper into the company’s activities in the blockchain space and plan our sharing our thoughts as soon as possible. Nonetheless, we’ll continue to follow the story closely and bring the news to you as it breaks!
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