OTC Markets Group Stock Price, News & Analysis

OTC Markets Group Inc. announced that SPARQ Corp. has qualified to trade on the OTCQX Best Market after upgrading from the Pink Market. This milestone allows SPARQ to reach U.S. investors more transparently, ensuring compliance with high financial standards and corporate governance.

SPARQ Corp. specializes in next-generation single-phase microinverters aimed at optimizing solar electric applications for residential and commercial use. The company’s innovative Quad inverter design enhances efficiency compared to existing market solutions.

Kolibri Global Energy Inc. (OTCQX: KGEIF) has upgraded to the OTCQX Best Market from the OTCQB Venture Market. The transition, effective August 4, 2022, allows Kolibri to enhance visibility and adhere to higher financial standards and corporate governance practices. Kolibri expects to significantly increase its production rates and annual adjusted funds flow, projecting threefold and fourfold increases respectively by year-end 2022 compared to early 2022. The company aims for a debt to EBITDA ratio of less than 1.0, signifying strong financial health.

OTC Markets Group Inc. (OTCM: OTCM) will report its Q2 2022 financial results on August 10, 2022, after U.S. market close. A conference call and webcast to discuss the results will occur on August 11, 2022, at 8:30 a.m. ET. The webcast and management presentation will be available online, with a replay until August 10, 2023. OTC Markets operates regulated markets for trading over 12,000 U.S. and international securities, providing critical market infrastructure for broker-dealers.

OTC Markets Group Inc. (OTCM) announced that Goldsource Mines Inc. (GXSFF) has upgraded to trade on the OTCQX Best Market from the OTCQB Venture Market, effective today. This milestone is significant for Goldsource as it enables better visibility and liquidity among U.S. investors. CEO Stephen Parsons expressed enthusiasm for engaging with a broader shareholder base and sharing development plans for the Eagle Mountain Project. This transition is seen as a step towards enhancing the company's overall market presence.

OTC Markets Group Inc. (OTCM) reported a challenging second quarter of 2022, with its OTCQX Composite Index down 6.3%. The OTCQX Billion+ Index fell 15.7%, and the OTCQX Canada Index saw a significant decline of 36.4%. The OTCQX Dividend Index and the OTCQX U.S. Index dropped 13.6% and 39.8%, respectively. In total, 49 new companies joined the indices, while several were removed. The overall market sentiment remains bearish, with numerous indices showing substantial losses amidst ongoing economic pressures.

Virtual Investor Conferences has announced the agenda for the OTCQB Venture Virtual Investor Conference scheduled on August 4. This event will feature live presentations from various companies in sectors such as artificial intelligence, clean energy, electric vehicles, and more. Investors are encouraged to pre-register for the event, which is free of charge. Jason Paltrowitz, Executive VP of Corporate Services at OTC Markets Group, emphasized the importance of providing transparency to investors through this platform.

OTC Markets Group Inc. (OTCM) announced that Andean Precious Metals Corp (OTCQX: ANPMF) has upgraded to trade on the OTCQX Best Market from the OTCQB Venture Market. This transition underscores Andean's commitment to transparency and governance, aimed at enhancing visibility among U.S. investors. The OTCQX Market caters to established companies that meet strict financial and regulatory standards. Simon Griffiths, President and CEO of Andean, highlighted that this transition will boost liquidity and capitalize on the company's growth potential.

OTC Markets Group Inc. (OTCM) announced that CanAlaska Uranium Ltd. (OTCQX: CVVUF) has qualified to trade on the OTCQX® Best Market, upgrading from the OTCQB® Venture Market. This transition allows CanAlaska to enhance its visibility among U.S. investors. Trading under the symbol CVVUF, the company holds around 300,000 hectares in Canada's Athabasca Basin and is positioned for discovery success, focusing on uranium and other minerals critical for clean energy. President Peter Dasler emphasized the importance of expanding access to U.S. investors.

OTC Markets Group Inc. (OTCM: OTCM) has designated Invest Securities, a French investment services provider, as an OTCQX sponsor. This allows Invest Securities to help companies access the OTCQX and OTCQB markets effectively. Invest Securities is overseen by the Autorité de Contrôle Prudentiel et de Résolution (ACPR) and regulated by the Autorité des Marchés Financiers (AMF). OTC Markets Group aims to enhance market access for global issuers by working with qualified advisors like Invest Securities.