Welcome to our dedicated page for OTC Markets Group news (Ticker: OTCM), a resource for investors and traders seeking the latest updates and insights on OTC Markets Group stock.
OTC Markets Group Inc. (OTCM) regularly publishes news as the operator of regulated markets for trading U.S. and international securities. Its announcements highlight developments across its market tiers, including the OTCQX Best Market, OTCQB Venture Market, OTCID Basic Market, and Pink Limited Market, and provide insight into how issuers use these platforms to access U.S. investors.
News from OTC Markets Group often focuses on companies that have qualified to trade on the OTCQX Best Market or upgraded from the OTCQB Venture Market. These items describe how issuers meet high financial standards, follow best practice corporate governance, and demonstrate compliance with applicable securities laws in order to join OTCQX. Such updates can be useful for tracking which domestic and international companies are enhancing their visibility and trading access in the U.S. through OTC Markets Group’s venues.
Another recurring theme in OTC Markets Group news is cross-border capital markets activity. Announcements describe how companies listed on qualified international exchanges use OTCQX to provide transparent trading for U.S. investors while maintaining their primary listing in their home market. OTC Markets Group also issues releases about recognition programs such as the OTCQX Best 50, which it describes as an informational ranking of top-performing OTCQX companies based on liquidity, investor engagement, and performance.
Investors and market participants can use the OTCM news stream to follow new OTCQX entrants, upgrades from other OTC tiers, and broader commentary from the company on the role of its markets and trading systems in connecting issuers and U.S. investors.
On January 20, 2023, American Battery Technology Company (OTCQX: ABML) announced its upgrade to the OTCQX Best Market from the OTCQB Venture Market. This transition enables the company to enhance its visibility and attract a broader investor base. The OTCQX Market is known for its stringent financial and governance standards, which ABML has met. CEO Ryan Melsert emphasized that this milestone reflects the company's improved governance and focus on commercial growth. American Battery Technology Company specializes in low-cost and environmentally friendly battery materials, catering to the electric vehicle and consumer electronics sectors.
OTC Markets Group Inc. (OTCM) reported its fourth quarter 2022 performance, highlighting a 15.6% increase in the OTCQX Composite Index. During this period, 43 new companies joined the index, while 42 were removed. The OTCQX Billion+ Index rose by 16.2%, with three new additions. The OTCQX Dividend Index reported a 17.3% increase, adding 12 companies. However, the OTCQX U.S. Index fell by 8.8%, despite welcoming 18 new companies. The OTCQX Cannabis Index suffered a notable decline of 24.7%. Overall, the quarterly rebalancing indicates strong performance in certain sectors while revealing weakness in others, particularly in the cannabis and U.S. markets.
OTC Markets Group Inc. (OTCM) has announced that Premium Nickel Resources Ltd. (PNRLF) has qualified to trade on the OTCQX® Best Market, upgrading from the Pink® market. This upgrade signifies an important step for PNRL to provide transparent trading for U.S. investors. To qualify, PNRL met high financial standards, adhered to best practices in corporate governance, and complied with securities laws. PNRL specializes in developing nickel-copper-cobalt resources, an essential component in the shift towards a low-carbon economy. The company's flagship asset, the Selebi Mine, is undergoing a work plan that includes diamond drilling.
OTC Markets Group Inc. (OTCQX: OTCM) has released its annual ranking of the 2023 OTCQX Best 50, showcasing the top-performing companies on the OTCQX Best Market for 2022. The ranking is based on an equal weighting of total return and average daily dollar volume growth. The 2023 OTCQX Best 50 companies collectively traded $6.5 billion, delivering a median total return of 20%. Companies with market caps over $198.6 million were analyzed, including 13 exceeding $1 billion. The list featured significant representation from U.S. and Canadian firms, underlining OTCQX's role as a global investment gateway.
OTC Markets Group Inc. has announced that Empress Royalty Corp. (TSX-V: EMPR; OTCQX: EMPYF) has upgraded to trade on the OTCQX® Best Market. Starting from today, Empress Royalty will be available for U.S. investors under the symbol “EMPYF.” The move to OTCQX reflects Empress's commitment to enhancing company visibility and increasing share liquidity.
CEO Alexandra Woodyer Sherron emphasized the importance of this transition in expanding U.S. investment opportunities and ensuring shareholder value.
OTC Markets Group Inc. (OTCM) announced that Marimaca Copper Corp. (OTCQX: MARIF; TSX: MARI) has successfully upgraded from the Pink market to the OTCQX Best Market. This transition allows Marimaca Copper to provide transparent trading for U.S. investors, fulfilling high financial and governance standards. The upgrade is seen as a significant step as Marimaca advances its development in the copper sector, particularly at its Marimaca Project in northern Chile. Trading under the symbol ‘MARIF’ begins today, offering enhanced visibility to U.S. investors.
OTC Markets Group Inc. (OTCM) announced that Community First Bancorporation (CFOK) has upgraded to trading on the OTCQX Best Market from the Pink market. This transition is significant for community banks in the U.S., as it promotes transparency and access to information for shareholders. Community First Bancorporation is expected to enhance its visibility and liquidity in the market. CEO Richard D. Burleson expressed optimism around growth and financial stability with this upgrade. The company operates 12 branches across South Carolina, North Carolina, and Tennessee.
OTC Markets Group Inc. (OTCM: OTCM) announced that blueharbor bank (OTCQX: BLHK) has successfully qualified to trade on the OTCQX® Best Market, moving up from the Pink® market. Trading commenced under the symbol "BLHK". This advancement signifies a notable achievement for community banks in U.S. public markets, enhancing trading transparency and access to information for shareholders. To qualify, banks must meet stringent financial standards and comply with governance and securities laws. D.A. Davidson & Co. served as the OTCQX sponsor.
Nextech AR Solutions has upgraded to trade on the OTCQX Best Market under the symbol NEXCF, signaling a milestone in its growth strategy. The move from the OTCQB Venture Market enhances visibility among U.S. investors and is expected to attract institutional interest. CEO Evan Gappelberg highlighted this upgrade as a proactive step to position the company for success in 2023 and beyond. Nextech AR Solutions focuses on Metaverse technologies, offering platforms for creating immersive 3D and augmented reality experiences critical for various industries.
On December 8, 2022, Patriot Battery Metals Inc. (OTC: PMETF) upgraded to the OTCQX® Best Market from the OTCQB® Venture Market. This milestone signifies compliance with high financial standards and best practices in corporate governance, enhancing visibility for U.S. investors. The company focuses on advancing lithium exploration at its 100% owned Corvette Property in Quebec, which holds significant lithium potential, including impressive drill intercepts of up to 3.01% Li2O. The upgrade aims to better position Patriot Battery Metals in the market.
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