INVESTMENTS

3 Months Ended

Mar. 31, 2020

INVESTMENTS

INVESTMENTS

NOTE 5 INVESTMENTS

The following is a summary of the activity in investments for the three months ended March 31, 2020 and 2019:

	As at		Additions/				Disposals/		Unrealized		Fair value
	December 31,		transfers during		Net (loss) on		transfers during		(loss) on		March 31,
	2019		period		securities sold		period		securities held		2020
Marketable equity securities	$	1,885	$	—	$	(16)	$	(112)	$	(882)	$	875

	As at		Additions/		Net gain		Disposals/		Unrealized		Fair value
	December 31,		transfers during		(loss) on		transfers during		gain on		March 31,
	2018		period		securities sold		period		securities held		2019
Marketable equity securities	$	2,718	$	264	$	—	$	—	$	605	$	3,587
Warrants		413		—		—		—		222		635
Investments	$	3,131	$	264	$	—	$	—	$	827	$	4,222

During the three months ended March 31, 2020, the Company sold marketable equity securities for proceeds of $0.1 million (2019 - $nil).

The cost of marketable equity securities at March 31, 2020 was $1.2 million (December 31, 2019 – $1.3 million).