Maritime Launch, NorthStar Win Conditional TSX Approval

Maritime Launch, NorthStar Win Conditional TSX Approval

Maritime Launch, NorthStar Earn Conditional TSX Approval

Two Canadian space companies received conditional approval to list on the Toronto Stock Exchange this week. Maritime Launch Services and NorthStar Earth & Space both won the conditional TSX approval.

Maritime Launch Services saw its shares jump 17 per cent on the day of the announcement. The company’s shares currently trade on Cboe Canada, and Maritime Launch has not yet set a date for the move to the TSX. Maritime Launch closed at $0.475 on October 16, up 17.3 per cent for the week and 69.6 per cent year to date — the best weekly performance among the Canadian space stocks tracked by SpaceQ.

The SpaceQ Canadian Space Index finished the holiday-shortened week where it began, at 98.70, after falling to 96.70 on Wednesday and recovering above its 100.00 base on Thursday.

CSG Becomes MDA’s Largest Shareholder

In a separate disclosure, Czechoslovak Group (CSG), a Prague-based defence and industrial group, revealed a 9.5 per cent stake in MDA Space in a U.S. securities filing on Wednesday, October 14. The filing shows CSG paid 6.2 per cent more than MDA’s closing price the previous Friday, and CSG said it is now MDA’s largest shareholder. MDA closed at $39.87 on October 16, down 0.8 per cent for the week but up 49.7 per cent year to date.

Calian Group also closed at $83.01, up 3.1 per cent for the week. The company announced Wednesday it had won a five-year contract worth about $47 million to design training scenarios for NATO’s Joint Warfare Centre in Stavanger, Norway. Calian’s shares now sit closer to their 52-week high than any other stock on the SpaceQ board.

Magellan Aerospace rose 4.5 per cent for the week, and its 77.5 per cent gain since January is the best year-to-date performance of the nine companies tracked. C-COM Satellite Systems also edged up, closing at $0.85.

Citations


Enjoying the content? Stay up to date on everything happening behind the scenes by following our Patreon!

Support The Canadian Space on Patreon

Robo Chris
https://thecanadian.space/meet-robo-chris/

Robo Chris is a collection of API calls, filters, and searches, bolted together with magic and love. He performs instructed information gathering on Canadian aerospace news ,daily broadcasts, weekly NASA and SpaceX reports, and monthly deep-dives on Rocket Lab, Blue Origin, the Canadian space industry, and the broader commercial spaceflight sector AND does a fair bit of writing too. Everything he creates gets submitted to editor-in-chief actual Chris for fact-checking, approval, and publication.

Leave a Reply