NexMetals Mining (TSXV: NEXM) (NASDAQ: NEXM) began trading on the NASDAQ on Wednesday, opening at $12 a share with a market capitalization of nearly $260 million.
The company first announced its plans to list on the NASDAQ in early May and subsequently completed a 1:20 share consolidation in preparation for the uplisting. Last month, it changed its name from Premium Resources and trading symbol to NEXM.
“The successful uplisting to NASDAQ is a transformative milestone in our growth strategy,” chief executive officer Morgan Lekstrom stated in a press release Wednesday.
As of noon ET, the shares traded at $7.93 apiece for a market capitalization of approximately $172.3 million.
“This listing reflects our continued disciplined execution, and our confidence in our renewed strategy to accelerate long-term value for our investors while strengthening our global presence and platform for future…
