STOCKS ZNN

April 25th, 2009 admin Leave a comment Go to comments

STOCKS ZNN

On the Canadian stock exchange , what does the .V or second tier mean . . .see additional in?

Zenn Motors has 2 symbols

http://finance.yahoo.com/q?s=ZNN.V

and

http://finance.yahoo.com/q?s=ZNNMF.PK

What is the difference ?
thanks for your assistance

The two different symbols denotes that Zenn Motors is traded on at least 2 stock markets.

The "ZNNMF.PK" refers to the company'S STOCK that is traded on the US' over the counter (OTC) market, which is a decentralized market where most SMALL STOCKS are traded by dealers to investors.

The "ZNN.V" refers to the company's stock that is traded on Canada's TSX Venture Exchange, which is Canada's stock exchange for small CAPITALIZATION STOCKS.

You may also notice that the price quotes for each is slight different from each (for example, ZNNMF.PK is worth $3.64 and ZNN.V is worth $3.85). This difference is due to the fact that ZNN.V is listed in Canadian dollars whereas ZNNMF.PK is listed in US dollars. Therefore there is a slight difference due to the exchange rate and if each price is converted into the other currency using the current exchange rate, you will get a fairly equivalent value.

Companies often list in more than one market in order to gain the opportunity to raise capital from a greater pool of investors.