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Shell Summary for March 30, 2020

2020-03-30 20:19 ET - Market Summary

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by Stockwatch Business Reporter

The TSX Venture Exchange lost 2.03 points to close at 386.55 Monday. The most active trader on the TSX-V was a shell graduate, Andrew Ryu's artificial intelligence company, Datametrex AI Ltd. (DM: $0.025), which develops AI software for purposes such as filtering fake news on-line. Today, the stock closed up one cent to 2.5 cents on 13.43 million shares, after the company released two pieces of news. First, Datametrex is working with unidentified U.S. government agencies in connection with sorting out social media posts about COVID-19, specifically posts that contain wrong information. Unfortunately for Datametrex, the news also attracted some regulatory interest. In response to prompting by IIROC (the Investment Industry Regulatory Organization of Canada) to provide more information, Datametrex added details about the very modest financial contribution the arrangement will make. The company said that the deal, signed March 12, was for a $25,000 (U.S.) contract for a one-month pilot program with those unnamed U.S. government agencies.

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