Advocacy group Save Canadian Mining (SCM) remains hopeful that the “tick test” – a regulatory restriction that prevent investors from shorting a stock as it is on a downward trajectory – will be reinstated.
In its response to 47 policy proposals contained in a consultation report released by Ontario’s capital market modernisation taskforce last week, SCM says it is pleased with the attention paid to predatory short selling.
The group, which includes several junior mining companies, as well as mining associations and the TSX-V, claims that predatory short selling has disproportionately impacted on the junior mining sector for years.