What does CEKX mean in NASDAQ SYMBOLS
CEKX is an acronym stands for Copper Lake Explorations, Ltd., which was a public traded company listed on the Toronto Stock Exchange (TSX) until it was delisted in 2010. The company was involved in resource exploration and development, primarily in North America. CEKX had projects located in Ontario, Canada and Nevada & Arizona in the United States of America.
CEKX meaning in NASDAQ Symbols in Business
CEKX mostly used in an acronym NASDAQ Symbols in Category Business that means Copper Lake Explorations, Ltd. (delisted)
Shorthand: CEKX,
Full Form: Copper Lake Explorations, Ltd. (delisted)
For more information of "Copper Lake Explorations, Ltd. (delisted)", see the section below.
Primary Business
Copper Lake Explorations, Ltd. (CEKX) engaged primarily in exploration and development of mineral resources. The principal focus was base metals such as copper, zinc, lead, and gold with its Canadian-based project located near Thunder Bay, Ontario and two US-based projects located near Gunnison, Colorado and Reno & Tonopah, Nevada/Arizona. CEKX also conducted exploratory research into gas fields located at its property near Gunnison County in Colorado.
Origin and History
CEKX has a long history through multiple mergers from seven separate entities. It first began as Dakota Gold Mining Company on October 4th 1990 when it received a Certificate of Incorporation by the State of Nevada. Since then it has changed names over time through trades like BC Copper Corporation Ltd to Copper Lake Resources Corp until July 17th 1996 when the seven Prospectors merged to form Copper Lake Explorations Ltd under its current name. The TSX list CEKX on February 28th 1997 before being delisted from the exchange thirteen years later on November 3rd 2010 due to insufficient shares traded and limited liquidity over a six month period.
Financial Performance
At its peak between 2007 to 2008 CEKX reported net income of $542 thousand after working out a $1 million debt for equity transaction with Mountainview Capital Corp during that year as well as further capital raising activities throughout its entire lifetime prior to listing on TSX at an issue price of C$ 0.45 per share. However during 2009–2010 the global financial crisis had hurt the company's performance resulting cash burn rate exceeding current assets available leading to eventual delisting from TSX and liquidation by mid-2014 according to last filings made by the company.
Essential Questions and Answers on Copper Lake Explorations, Ltd. (delisted) in "BUSINESS»NASDAQ"
What was Copper Lake Explorations, Ltd?
Copper Lake Explorations, Ltd. (CEKX) was a publicly traded holding company with operations in mining exploration and real estate investment. The company's shares were listed on the OTC Bulletin Board until they were delisted in 2016.
Why did Copper Lake Explorations, Ltd. get delisted?
Copper Lake Explorations, Ltd. was suspended from trading on the OTC Bulletin Board in July 2016 for failing to make required periodic filings such as annual and quarterly reports. As a result of this suspension, its shares were eventually delisted from the exchange.
What happened to investors after Copper Lake Explorations, Ltd., was delisted?
After the delisting of Copper Lake Explorations shares, investors could no longer trade their shares in the open market and their value dropped dramatically as a result. Since then, there have been unsuccessful attempts by shareholders to relist the company but none have been successful so far.
Is it still possible to buy or sell stock in Copper Lake Explorations, Ltd.?
No, it is no longer possible to buy or sell stock in Copper Lake Explorations due to its suspension and eventual delisting from the OTC Bulletin Board in 2016.
Can I still access my account if I used to own stock in the company?
If you previously owned stock in Copper Lake Explorations when it was listed on the OTC Bulletin Board you can still access your account details through your broker or other financial institution where you held your shares at the time of delisting. However, since trading activity has ceased due to its suspension and eventual delisting from trading exchanges, there will likely be no up-to-date information regarding your account or movements of stocks associated with it.
How do I know if I had investments with Copper Lake Explorations before it got delisted?
Before its suspension and eventual delisting from trading exchanges, if you held investments with Copper Lake Explorations you would have received an acknowledgment letter confirming your purchase as well as regular statements informing you about any developments or changes within the company related to your investments. You can check these documents for confirmation that you invested in CEKX before being delisted from trading exchanges..
Does investing in a public traded holding company involve risk?
Yes - investing in any form of publicly traded holding companies involves certain risks that are present with any form of investment including commodities or securities markets which are subject to fluctuating prices or political events that can disrupt operations etc.. As such it is important for potential investors to be aware of these potential risks before investing their money into any type of publicly traded holding companies.
What types of business activities did copper lake explorations engage in prior to being de-listed?
Prior to being de-listed from trading exchanges, Copper lake explorations engaged mainly two types of business activities; namely mining exploration and real estate investment activities.
Is there a chance that copper lake explorations may be re-listed again soon?
At present there have been unsuccessful attempts by shareholders trying to relist copper lake explorations onto trading exchanges but none have yet been successful so far meaning that currently there is no foreseeable possibility for this company getting re-listed anytime soon.
Final Words:
CEKX is an acronym stands for Copper Lake Explorations Limited which undertakes resource exploration and development with projects across North America including Canada and USA but eventually fell victim to global financial crisis leading it to be delisted off the Toronto Stock Exchange followed by liquidation by 2014 due lack of liquidity.