The TSX Venture Exchange awards 50 of its emerging companies in five industry sectors identified as leaders in Canada's public venture market.
The 2010 TSX Venture 50 were selected based on four equally weighted criteria that include return on investment, trading, analyst coverage and market capitalization growth in Cleantech, Diversified Industries, Mining, Oil & Gas and Technology and Life Sciences sectors.
The company must have a market capitalization of greater than $5 million and a closing share price of at least $0.25 on December 31, 2009. Companies awarded must have traded at a minimum of $0.10 a share on December 31, 2008.
Qualifying companies were ranked based on a weighted average formula with four criteria equally weighted.The 2010 TSX Venture 50 were selected based on four equally weighted criteria that include return on investment, trading, analyst coverage and market capitalization growth in Cleantech, Diversified Industries, Mining, Oil & Gas and Technology and Life Sciences sectors.
The company must have a market capitalization of greater than $5 million and a closing share price of at least $0.25 on December 31, 2009. Companies awarded must have traded at a minimum of $0.10 a share on December 31, 2008.
-Return on equity: One year market capitalization growth as of December 31, 2009
-Trading: One year trading volume as of December 31, 2009
-Market Capitalization Growth: On year of growth as of December 31, 2009
-Analyst Coverage: Number of analysts covering the companies as of December 31, 2009.
Aeromechanical was named number 1 in the Diversified Industries category by the TSX Venture Exchange in its 2010 Venture 50. This honour wasn’t earned easily especially in context of a tough economy and beaten down airline sector. The list includes: A partnership with Sierra Nevada, Star Navigation’s claim dismissal, more contracts with charters, the acquisition of Wingspeed Corporation, a reseller agreement with L3 Communications and the closing of an $8,000,000 private placement. One of the main qualifiers for the Venture 50 is an appreciation of share price. From December 31, 2008 to December 31, 2009, AMA share price rose by 165%.
Smartcool Systems Inc. was awarded the 7th spot in the Cleantech category and share price gained 328% over 2009.
Smartcool not only had a strong gain in its share price in 2009 but the company also gained traction more than doubling its sales in a tough global economy. Smartcool focused on growing its distributor base across the globe, which remains a key objective of the company.
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