Cover Technologies Inc.
COVE.CN
Canadian Securities Exchange0.19
CAD
- -
- -
Return %
Stock
S&P500
1Y
-65.09
26.53
3Y
-98.53
76.60
5Y
-99.30
80.11
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Dorian Banks
- Sector
- Basic Materials
- Industry
- Industrial Materials
- Address
- 789 West Pender Street Vancouver BC Canada V6C 1H2
- IPO Date
- Jan 17, 2012
- Website
- covertechnologies.ca
- Similar Companies
- Business
- Cover Technologies Inc. (CSE: COVE) develops and commercializes technologies for processing and producing magnesium metal, magnesium oxide, and related compounds, byproducts, and co-products from serpentinite mine tailings through its wholly owned subsidiary Mag One Operations Inc.; the company pursues sustainable magnesium production via innovative methods including Tech Magnesium’s Aluminothermic Reduction Process and maintains involvement in blockchain-based platforms such as ElectrumX for metals spot markets, Flurbo decentralized finance software, and Nifty division for non-fungible tokens applied to commodities. Headquartered in Vancouver, British Columbia, Canada, and founded prior to its public listing, Cover Technologies operates principally in Canada with activities centered in Quebec for magnesium-related operations targeting the global magnesium industry for applications in lightweight alloys, automotive, and industrial sectors. Recent developments include a 1-for-7 share consolidation in December 2021, advancement of magnesium metal process testing supported by the National Research Council of Canada, completion of the Flurbo technology acquisition from Nifty Technologies in September 2021 for integration into resource sector supply chains, launch of ElectrumX development under new CTO Steven Dryall in September 2021, and a name change alongside symbol update as part of strategic business expansion into industrial products and solutions.