OTC Markets Group Stock Price, News & Analysis

Kneat.com, Inc., a software firm focused on data management in regulated environments, has upgraded to the OTCQX® Best Market from the OTCQB® Venture Market. Trading under the symbol FBAYF, this transition aims to enhance visibility among U.S. investors and create growth opportunities. The OTCQX Market is recognized for its high financial standards and corporate governance. Kneat's CEO, Eddie Ryan, highlighted that this upgrade will enable U.S. investors to engage with their leading life sciences software solutions.

Arizona Sonoran Copper Company (OTCQX: ASCUF) has qualified to trade on the OTCQX® Best Market, enhancing its accessibility for U.S. investors. The company's objective is to become a mid-tier copper producer with low operating costs, focusing on the Cactus Mine Project in Arizona. This move allows Arizona Sonoran to comply with Blue Sky regulations in most U.S. states, improving access to U.S.-based investment advisors and investors. OTC Markets Group operates regulated markets for 12,000 U.S. and international securities, facilitating efficient market access.

OTC Markets Group Inc. (OTCM) has announced that Standard Premium Finance Holdings, Inc. (SPFX), a premium finance company, has qualified to trade on the OTCQX Best Market. This marks a significant milestone for SPFX, which was previously privately held. The company begins trading today under the symbol SPFX, offering premium finance solutions to businesses and individuals, with annual loan originations of approximately $100 million. The OTCQX Market provides price transparency and helps companies maximize the value of being public through high financial standards and corporate governance.

OTC Markets Group Inc. (OTCM) announced that Givex Information Technology Group Limited has begun trading on the OTCQX Best Market under the symbol “GIVXF.” This move allows U.S. investors access to Givex's financial disclosures and encourages trading through a cost-effective platform. CEO Don Gray highlighted the company's growth and profitability, and how this transition broadens their investor base. Givex, integrated with over 1,000 partners, supports approximately 96,000 locations worldwide. Nauth LPC acted as the OTCQX sponsor for the company.

OTC Markets Group Inc. (OTCM) announced that PLAY MAGNUS AS (OTCQX: PMGMF) has qualified to trade on the OTCQX Best Market, upgrading from the Pink market. This upgrade enhances transparency and accessibility for U.S. investors. CEO Andreas Thome expressed excitement about the U.S. market's potential for chess growth, allowing more investors to participate. The Play Magnus Group offers innovative digital brands in chess education and entertainment through platforms like Chessable and chess24. The upgrade is significant for companies meeting high financial and governance standards.

OTC Markets Group Inc. (OTCM) has signed a definitive agreement to acquire the assets of Blue Sky Data Corp, enhancing its compliance data offerings related to state securities laws. This strategic acquisition is expected to close around May 2, 2022. By integrating Blue Sky Data's unique data set, OTC Markets aims to improve services for broker-dealers and public companies, streamlining secondary trading compliance. The investment will also expand OTC Markets' subscriber base, providing a comprehensive view of Blue Sky secondary trading compliance data.

Whitehorse Gold Corp. (OTC: WHGDF) has officially graduated to the OTCQX Best Market, enhancing its visibility and trading liquidity for U.S. investors. Trading begins today, March 16, 2022, as part of OTC Markets Group Inc. initiatives, which include maintaining high financial standards and corporate governance. CEO Gordon Neal stated that this transition aids in promoting the Skukum Gold Project in Yukon, Canada, while also benefiting shareholders through better market access. The move aims to attract more global investors.

OTC Markets Group Inc. (OTCM) announces Western Exploration Inc. (WEXPF) has qualified to trade on the OTCQX Best Market. Trading begins today, upgrading from the Pink Market where WEXPF was previously listed. This move enables Western Exploration to access U.S. capital markets efficiently and comply with high financial standards. CEO Darcy Marud expressed confidence that the upgrade will enhance shareholder value and support corporate objectives. Western Exploration focuses on precious metals exploration in Nevada, notably the Aura gold-silver project.

OTC Markets Group reported strong financial results for FY 2021, with gross revenues of $102.9 million, a 45% increase from 2020. Operating income rose 77% to $38.0 million, while net income soared 67% to $30.5 million, resulting in a 65% increase in GAAP diluted EPS to $2.52. In Q4, gross revenues reached $26.2 million, up 32% year-over-year. The company returned $27.0 million to shareholders, marking a 49% growth in cash distributions. A quarterly cash dividend of $0.18 per share was announced for March 31, 2022.