OTC Markets Group Stock Price, News & Analysis

OTC Markets Group announced that Online Vacation Center Holdings Corp. (OTCQX: ONVC) has qualified to trade on the OTCQX® Best Market, upgrading from the Pink® market. The company, which operates a portfolio of travel companies, begins trading under the symbol 'ONVC'. The OTCQX Market provides a premium U.S. public market for investor-focused companies that meet high financial standards, follow best practice corporate governance, and demonstrate securities law compliance. CEO Stephen Rudner emphasized their commitment to financial transparency and liquidity for shareholders through this upgrade.

OTC Markets Group reported its Q3 2024 financial results with modest growth. Gross revenues reached $27.4 million, up 1% year-over-year, while operating income increased 1% to $8.6 million. Net income grew 1% to $7.4 million, with diluted EPS remaining steady at $0.61. The company announced a special dividend of $1.50 per share and a quarterly dividend of $0.18 per share. Notable developments include the launch of OTC Overnight for overnight trading and plans to transform Pink Current into OTCID - a basic reporting market. OTC Link revenues increased 16%, while Market Data Licensing and Corporate Services saw slight decreases of 1% and 2% respectively.

OTC Markets Group announced that Corero Network Security plc, a leading DDoS protection solutions provider, has upgraded from OTCQB to the OTCQX Best Market. The company begins trading under the symbol DDOSF. This upgrade marks a significant milestone, demonstrating Corero's compliance with high financial standards and best practice corporate governance. The OTCQX Market is designed for established, investor-focused companies, enabling them to build visibility among U.S. investors.

OTC Markets Group announced that Brazilian Rare Earths (ASX: BRE; OTCQX: BRETF, BRELY) has qualified to trade on the OTCQX® Best Market, upgrading from the Pink® market. The Australian exploration and mining company begins trading under the symbols 'BRETF, BRELY'. The upgrade provides transparent trading for U.S. investors, with the company meeting high financial standards and corporate governance requirements. Viriathus Capital served as the company's advisor for the upgrade, which aims to enhance visibility and liquidity while broadening their investor base.

OTC Markets Group (OTCQX: OTCM) has announced its upcoming third quarter 2024 financial results release and conference call schedule. The company will release its Q3 2024 results after U.S. market close on Wednesday, November 6, 2024. A conference call and webcast to discuss these results will be held on Thursday, November 7, 2024, at 8:30 a.m. ET. The webcast will be available for replay until November 6, 2025. Participants who wish to ask questions during the live Q&A must register in advance to receive dial-in details. Related materials will be accessible through the company's Investor Relations website.

OTC Markets Group announced the Q3 2024 performance and rebalancing of its OTCQX® and OTCQB® indexes. The OTCQX Composite Index rose 7.5%, with 32 new companies joining and 47 being removed. Notable performances include: OTCQX Billion+ Index up 7.7%, OTCQX Dividend Index up 7.6%, OTCQX Banks Index up 11.3%, OTCQX International Index up 7.5%, OTCQX Canada Index up 9.5%, OTCQX U.S. Index up 4.4%, OTCQX Cannabis Index up 0.8%, and OTCQB Venture Index up 4.0%. Several companies transitioned to major exchanges, including Talen Energy, FirstSun Capital, Collective Mining, and Grayscale Ethereum Trust.

OTC Markets Group Inc. (OTCQX: OTCM) announced that Firan Technology Group (TSX: FTG; OTCQX: FTGFF), an aerospace and defence electronics product and subsystem supplier, has qualified to trade on the OTCQX® Best Market. The company upgraded from the Pink® market and began trading on OTCQX under the symbol "FTGFF" on October 17, 2024.

Upgrading to OTCQX is significant for companies aiming to provide transparent trading for U.S. investors. For international exchange-listed companies, streamlined market standards allow them to use their home market reporting to make information available in the U.S. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance, and demonstrate compliance with applicable securities laws.

Brad Bourne, President and CEO of Firan Technology Group Corp., expressed excitement about joining OTCQX and creating value for U.S. investors.

OTC Markets Group has announced that Medicenna Therapeutics Corp. has qualified to trade on the OTCQX Best Market. Previously trading on the OTCQB Venture Market, Medicenna will now trade under the symbol MDNAF. This upgrade signifies Medicenna's adherence to high financial standards, corporate governance best practices, and compliance with securities laws. The move aims to enhance visibility among U.S. investors, improve liquidity, and broaden stock access. CEO Fahar Merchant highlighted the importance of this milestone in strengthening their capital markets strategy.

OTC Markets Group has announced that BluMetric Environmental has qualified to trade on the OTCQX Best Market, upgrading from the Pink market. BluMetric, listed under the symbol BLMWF, begins trading today. This upgrade offers a premium U.S. public market for investors to research and trade BluMetric shares. The OTCQX Market requires companies to meet high financial standards, follow best corporate governance practices, and comply with applicable securities laws. Scott MacFabe, CEO of BluMetric, highlighted this milestone as part of their strategic U.S. expansion, including the recent acquisition of Gemini Water.