Troubled mobile technology maker Kangaroo Media is moving to the TSX Venture Exchange, and took its leave of its bigger brother, the Toronto Stock Exchange, on Dec. 30. The Montreal-based company says the de-listing and move to the VE is a ‘more appropriate exchange given our current stock price,’ and will allow reductions in its annual overhead costs by some $700,000.

‘We are very pleased with the support of the TSX and the TSX Venture Exchange in facilitating this seamless migration,’ said CFO Rick Clements in a statement.

Kangaroo stock is trading at about $0.05, down sharply from $0.50 in mid-2008.