Stock Guru Profile – Endeavour Silver Corp. Home Page
Endeavour Silver Corp. has announced a move to the American Stock Exchange. It is now known as EXK – Link here for Endeavour’s new listing: EXK.
A move to the American Stock Exchange reflects a company’s fundamentals, ability and integrity. Trades are executed swiftly, with reliability, accuracy, and transparency. New listings on the Amex outpace the competition. For instance, the Amex was the only major U.S. market with net positive listings over the last three years. During the same time period, the Nasdaq’s losses were close to 500 companies.
The American Stock Exchange is an auction market, where trading is conducted through a centralized specialist system. At the Amex, the overwhelming majority of public buy and sell orders meet directly, not needing specialist intervention. But when the markets are out of balance, the specialist deploys capital and acts as a buyer or seller to bring the markets back into equilibrium. By centralizing order flow and giving public orders priority, investors trade on a level playing field and achieve the best price available. Trading is more orderly so price volatility is reduced, spreads are narrower, and execution costs are lower.
Specialist vs. Market Maker
A single specialist firm, chosen by the listed company at time of listing, has an affirmative obligation to make a fair and orderly market in the company’s stock. No Nasdaq market maker has such an affirmative obligation. Being able to select a specialist allows the Amex issuer to develop a relationship that can provide its management with valuable insight into the market — a resource that issuers simply cannot get with the fragmented market structure of the Nasdaq. After all, specialists get to know listed companies’ businesses like no Nasdaq market maker does. Amex specialists also maintain relationships with some of the biggest financial institutions on Wall Street, thus ensuring access to substantial capital to support quality markets. Furthermore, unlike the loyalty displayed by Amex specialists, Nasdaq market makers can choose whether to make a market in any particular stock — meaning that stocks can be dropped at the market maker’s whim, when markets get challenging.
The Exchange’s specialist-based auction market structure creates a quality trading environment that promotes:
- Liquidity: allows investors to buy and sell quickly, easily, and with minimal price impact, a key to building investor confidence
- Narrower spreads: the interaction of buyers and sellers results in smaller price differentials between trades
- Decreased volatility: specialists’ capital commitment helps consistently maintain a fair and orderly market to minimize volatility
- Protection from short selling: the Exchange’s uptick rule prohibits investors from selling short a company’s stock when it is declining
Specialist commitment and access
In addition to strict regulatory oversight, the specialist is accountable to the company, its investors, and its board of directors.
The specialist:
- maintains a fair and orderly market to minimize spread and volatility
- commits capital (in response to market need) to promote greater liquidity
- monitors institutional activity to anticipate market, industry, and company-specific trends
- is a company’s direct link to the Amex floor for real-time trading and market intelligence on its stock
- helps companies gain coverage and visibility through ongoing relationships with institutional investors
This is just one more step in Endeavour’s relentless progress toward its goal of being one of the top five primary silver producers in the world. By locating on the AMEX Endeavour promotes its transparency and provides additional value for its shareholders.
Source: ENDEAVOUR SILVER CORP. and American Stock Exchange
Contacts:
Endeavour Silver Corp.
Email: Hugh Clarke Hugh@edrsilver.com
(604) 685-9775 or Toll Free: 1-877-685-9775
(604) 685-9744 (FAX)
Email: investorrelations@edrsilver.com
Website: http://www.stockguru.com/blog/www.edrsilver.com
About Endeavour Silver, Corp.: Endeavour Silver Corp. EXK – Amex is a small-cap silver mining company focused on the growth of its silver production, resources and reserves in Mexico. The expansion plan now underway at the high grade, Guanacevi mines project in Durango should propel Endeavour into the ranks of the top 5 primary silver producers in the world. Endeavour stands out from other primary silver companies for its high silver grades (+15 oz. per ton), its high silver leverage (+90%), the substantial exploration upside of the Guanacevi mines project (+30 million oz), the potential capacity of the Guanacevi plant and the organic growth potential of these core assets.
CAUTIONARY DISCLAIMER – FORWARD-LOOKING STATEMENTS: Certain statements contained herein regarding the Company and its operations constitute “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995. All statements that are not historical facts, including without limitation statements regarding future estimates, plans, objectives, assumptions or expectations of future performance, are “forward-looking statements”. We caution you that such “forward-looking statements” involve known and unknown risks and uncertainties that could cause actual results and future events to differ materially from those anticipated in such statements. Such risks and uncertainties include fluctuations in precious metal prices, unpredictable results of exploration activities, uncertainties inherent in the estimation of mineral reserves and resources, fluctuations in the costs of goods and services, problems associated with exploration and mining operations, changes in legal, social or political conditions in the jurisdictions where the Company operates, lack of appropriate funding and other risk factors, as discussed in the Company’s filings with Canadian and American Securities regulatory agencies. Resource and production goals and forecasts may be based on data insufficient to support them. Godfrey Walton, P.Geo. and/or Bradford Cooke, P.Geo. are the Qualified Persons for the Company as required by NI 43-101. The Company expressly disclaims any obligation to update any forward-looking statements.
Disclosure: Pentony Enterprises LLC was compensated $10,000.00 for profile coverage. Pentony Enterprises LLC is not a registered investment advisers or broker/dealers. Pentony Enterprises LLC makes no recommendation that the purchase of securities of companies profiled in this web site is suitable or advisable for any person or that an investment such securities will be profitable. In general, given the nature of the companies profiled and the lack of an active trading market for their securities, investing in such securities is highly speculative and carries a high degree of risk.
Safe Harbor Statement: All statements contained herein, as well as oral statements that may be made by the Company or by officers, directors or employees of the Company acting on the Company’s behalf, that are not statements of historical fact, constitute “forward-looking statements” and are made pursuant to the Safe-Harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause the actual results of the company to be materially different from the historical results or from any future results expressed or implied by such forward-looking statements. Such risks and uncertainties are outlined in the Company’s Annual Report on Form 10-K as filed with the Securities and Exchange Commission. The Company is not obligated to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.
Disclosure: StockGuru.com is owned and operated by Pentony Enterprises LLC, 9555 Lebanon Road, Suite 103, Frisco, Texas 75035.. Telephone: (214) 458-4258. Web: StockGuru.com. Email: Publisher@stockguru.com.