OTC Markets Group - OTCM STOCK NEWS

OTC Markets Group reported a strong financial performance for Q4 and full year 2020, despite the COVID-19 pandemic. Gross revenues for the year reached $71.2 million, up 13% year-over-year, with operating income at $21.4 million (+20%) and net income of $18.3 million (+22%). In Q4 alone, revenues grew 23% to $19.8 million, with net income increasing 50% to $5.7 million. A dividend of $0.15 per share was announced for Q1 2021, alongside a refreshed stock buyback program allowing the purchase of up to 300,000 shares.

OTC Markets Group Inc. announced that HPQ-Silicon Resources Inc. has qualified to trade on the OTCQX Best Market, upgrading from the Pink market. Starting March 16, 2021, HPQ-Silicon will trade under the symbol HPQFF. This upgrade aims to provide better transparency and trading access for U.S. investors, aligning with high financial standards and corporate governance practices. CEO Bernard Tourillon expressed optimism about improved investor access as the company advances in developing innovative silicon solutions for renewable energy.

On March 11, 2021, Steppe Gold Limited announced its qualification to trade on the OTCQX® Best Market, upgrading from the Pink® market. This transition allows U.S. investors to access Steppe's financial disclosures more transparently. The upgrade signifies adherence to high financial standards and corporate governance, marking a milestone for the company as an emerging gold and silver producer in Mongolia. The company's stock will trade under the symbol STPGF.

OTC Markets Group Inc. (OTCQX: OTCM) will release its financial results for the fourth quarter and fiscal year ended December 31, 2020, on March 17, 2021. A subsequent conference call and webcast, scheduled for March 18, 2021, at 8:30 a.m. ET, will delve deeper into these results. Participants can join the call via a toll-free number or access it online. All relevant materials, including the earnings release and call transcripts, will be available on the company's Investor Relations website.

OTC Markets Group Inc. (OTCQX: OTCM) has launched Excel-based data sets for Bank Call Reports and Bank Holding Company Y-9 Financial Statements. This initiative enhances the transparency of financial data, building on OTC's ongoing strategy since 2019 using its Qaravan software, which offers investors improved access to regulatory reports. The new Excel formats make regulatory disclosures more accessible and functional, complementing the existing data provided. Matthew Fuchs emphasized the importance of sharing this data with the banking and investment community.

OTC Markets Group Inc. announced that Banxa Holdings Inc. (OTCQX: BNXAF), a digital asset payment service provider, has upgraded from the Pink market to the OTCQX Best Market, enhancing trading transparency for U.S. investors. This upgrade allows Banxa to leverage its home market reporting and comply with high financial standards and corporate governance. Chairman Domenic Carosa expressed enthusiasm about connecting with U.S. customers as the company aims to lead in the digital asset sector. Banxa's mission is to simplify and secure the conversion between fiat and digital currencies.

OTC Markets Group Inc. announced that Apollo Healthcare Corp. has qualified to trade on the OTCQX Best Market, upgrading from the Pink market on March 3, 2021. This upgrade enables Apollo Healthcare Corp. to provide transparent trading for U.S. investors. The company is recognized as the largest Private Label and Control Label Personal Care Manufacturer in Canada, listed under the symbol AHCCF. The move reflects strict compliance with financial standards and corporate governance. U.S. investors can now access real-time financial data for the company.

OTC Markets Group Inc (OTCM) announced the commencement of trading for the Osprey Bitcoin Trust (OBTC) on the OTCQX Best Market. OBTC is recognized as the lowest-priced publicly traded bitcoin fund globally, launched by Osprey Funds, LLC. The OTCQX Market is designed for investor-focused companies meeting high financial and governance standards, enhancing visibility for OBTC among U.S. investors. According to Greg King, CEO of Osprey Funds, this launch increases accessibility for investors across more trading platforms.

OTC Markets Group Inc. announced that BIGG Digital Assets Inc. has successfully graduated to the OTCQX Best Market, starting trading today under the symbol BBKCF. This upgrade marks a significant milestone, reflecting BIGG's compliance with high financial standards and best practices in corporate governance. The OTCQX Market is designed for established companies aiming to increase visibility among U.S. investors. BIGG's CEO stated the company anticipates enhanced exposure to potential investors, including U.S. investment funds.