OTC Markets Group Stock Price, News & Analysis

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.

OTC Markets Group Inc. (OTCM) announced that 92 Energy Ltd (OTCQX: NTELF) has qualified to trade on the OTCQX® Best Market, enhancing transparency for U.S. investors. The company focuses on uranium exploration in the Athabasca Basin, Canada. 92 Energy's recent winter assay results showcase successful uranium mineralization with 9 out of 12 drill holes intersecting uranium. Their summer drill program returned significant results, including 41.6m of 0.5% eU3O8. The upgrade to OTCQX is a strategic move to facilitate broader investment opportunities.

OTC Markets Group Inc. announced that LithiumBank Resource Corp (OTCQX: LBNKF) has upgraded to the OTCQX® Best Market from the Pink® market. This transition, effective July 14, 2022, allows LithiumBank to provide U.S. investors with transparent trading and financial disclosures. To qualify for OTCQX, companies must meet high financial standards and corporate governance practices. With a focus on lithium-enriched brine projects in Western Canada, LithiumBank employs low-impact DLE technology for its operations.

OTC Markets Group Inc. (OTCQX: OTCM) announced that several Grayscale trusts have qualified to trade on its markets. Grayscale Decentraland Trust (MANA), Grayscale Basic Attention Token Trust (GBAT), Grayscale Chainlink Trust (GLNK), Grayscale Filecoin Trust (FILG), and Grayscale Livepeer Trust (GLIV) are now available for U.S. investors. These investment vehicles allow investors to gain exposure to specific cryptocurrencies without direct ownership challenges. The trusts are quoted under their respective tickers on OTCQX and OTCQB markets.

OTC Markets Group Inc. (OTCM) announced that Cryomass Technologies Inc. (OTCQX: CRYM) has graduated to the OTCQX® Best Market. This upgrade allows Cryomass to enhance its visibility among U.S. investors and demonstrates compliance with high financial standards and corporate governance. Cryomass specializes in manufacturing field-mobile equipment for handling cannabis and hemp. The upgrade is expected to improve accessibility for shareholders and facilitate trading of its shares.