OTC Markets Group Welcomes Capital Limited to OTCQX
OTC Markets Group Inc. (OTCM) has announced that Capital Limited (LSE: CAPD; OTCQX: CAPFF), a mining services company, has upgraded to the OTCQX Best Market from the Pink market.
Rhea-AI Summary
OTC Markets Group Inc. (OTCM) has announced that Capital Limited (LSE: CAPD; OTCQX: CAPFF), a mining services company, has upgraded to the OTCQX Best Market from the Pink market. This upgrade allows Capital Limited to trade under the symbol 'CAPFF' starting April 18, 2023. This move aims to enhance trading transparency for U.S. investors, as companies listed on a qualified international exchange can use their home market reporting to provide information in the U.S.
To qualify for OTCQX, companies must meet high financial standards and adhere to best practice corporate governance. Capital's CEO, Peter Stokes, expressed enthusiasm about the upgrade, indicating it will provide more investment opportunities and contribute to the company's growth.
Positive
- Capital Limited upgraded to OTCQX Best Market from Pink Market.
- U.S. investors can access improved financial disclosures and Level 2 quotes.
- The upgrade enhances trading transparency and visibility for investors.
Negative
- None.
Details
News Market Reaction – OTCM
The recorded move for OTCM in the trading session of this news was +4.90%.
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NEW YORK, April 18, 2023 (GLOBE NEWSWIRE) -- OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets for trading 12,000 U.S. and international securities, today announced Capital Limited (LSE: CAPD; OTCQX: CAPFF), mining services company, has qualified to trade on the OTCQX® Best Market. Capital Limited upgraded to OTCQX from the Pink® market.
Capital Limited begins trading today on OTCQX under the symbol “CAPFF.” U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com.
Upgrading to the OTCQX Market is an important step for companies seeking to provide transparent trading for their U.S. investors. For companies listed on a qualified international exchange, streamlined market standards enable them to utilize their home market reporting to make their information available in the U.S. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance and demonstrate compliance with applicable securities laws.
Peter Stokes, Capital Limited’s CEO, commented, "We are thrilled to begin trading on the OTCQX Market. We hope this will give a greater number of investors the opportunity to invest in Capital and participate as we continue to grow.”
B. Riley Securities, Inc. acted as the company’s OTCQX sponsor.
About Capital Limited
Capital Limited (Capital) is a leading LSE listed mining services company providing a complete range of drilling, mining, maintenance and geochemical laboratory solutions to customers within the minerals industry, focusing on the African markets. We operate with an unwavering commitment to safety, are dedicated to providing a high-quality professional service and work closely with our clients to deliver operational efficiencies.
About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates regulated markets for trading 12,000 U.S. and international securities. Our data-driven disclosure standards form the foundation of our three public markets: OTCQX® Best Market, OTCQB® Venture Market and Pink® Open Market.
Our OTC Link® Alternative Trading Systems (ATSs) provide critical market infrastructure that broker-dealers rely on to facilitate trading. Our innovative model offers companies more efficient access to the U.S. financial markets.
OTC Link ATS, OTC Link ECN and OTC Link NQB are each an SEC regulated ATS, operated by OTC Link LLC, a FINRA and SEC registered broker-dealer, member SIPC.
To learn more about how we create better informed and more efficient markets, visit www.otcmarkets.com.
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Media Contact:
OTC Markets Group Inc., +1 (212) 896-4428, media@otcmarkets.com
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