OTC Markets Group Announces Quarterly Index Performance and Rebalancing

Content of the article

NEW YORK, July 29 2022 (GLOBE NEWSWIRE) — OTC Markets Group Inc. (OTCQX: OTCM), regulated financial markets operator for 12,000 U.S. and global securities, today announced second quarter 2022 performance and quarterly rebalancing of the OTCQX® and The OTCQB® indices, including the OTCQX Canada Index and the OTCQX Dividend Index.

The OTCQX Composite Index (.OTCQX), a benchmark for the entire OTCQX best market, fell 6.3% in the second quarter of 2022. Forty-nine new companies joined the index while fifty-six companies added been deleted. Electra Battery Materials Corp (ELBM) moved to NASDAQ on 04/27/2022. DecisionPoint Systems, Inc. (DPSI) went to NYSE MKT on 5/5/2022. I-80 Gold Corp. (IAUX) went to NYSE MKT on 2022-05-19. The Singing Machine Company (MICS) went to Nasdaq on 05/24/2022.

Advertisement 2

Content of the article

The OTCQX Billion+ Index (.OTCQXBIL), which tracks the performance of OTCQX companies with market capitalizations over $1 billion, fell 15.7% in the second quarter. Five new companies joined the index, including Alumina Limited (OTCQX: AWCMY), Commercial International Bank Ltd. (OTCQX: CIBEY), Fortescue Metals Group Ltd (OTCQX: FSUMF), Lundin Gold Inc. (OTCQX: LUGDF), Sprott Physical Uranium Trust (OTCQX: SRUUF). Twelve companies have been eliminated.

The OTCQX Dividend Index (.OTCQXDIV), which tracks U.S. and international OTCQX dividend-paying companies, fell 13.6% in the second quarter of 2022. Twenty-four new companies joined the index, while sixteen companies have been removed.

The OTCQX Banks Index (.OTCQXBK), comprised of community and regional OTCQX banks, fell 7.0% in the second quarter. Nineteen banks joined the index and fourteen dropped out.

Advertisement 3

Content of the article

The International OTCQX Index (.OTCQXINT), a benchmark for international OTCQX companies, fell 15.2% in the second quarter of 2022. One hundred and thirty-nine new companies joined the index, while fourteen companies were removed. Electra Battery Materials Corp (ELBM) moved to NASDAQ on 04/27/2022. I-80 Gold Corp. (IAUX) went to NYSE MKT on 2022-05-19.

The OTCQX Canada Index (.OTCQXCAN), which tracks Canadian OTCQX companies down 36.4% in the second quarter. Thirty new companies joined the index, while twenty companies were removed.

OTCQX US Index (.OTCQXUS), a benchmark for US OTCQX companies, the index fell 39.8% in the second quarter of 2022. Twenty new companies joined the index while twenty-five companies were removed.

The OTCQX Cannabis Index (.OTCQXMJ), a benchmark for cannabis companies, fell 45.0% in the second quarter. Five new companies joined the index, while five companies were removed.

Advertisement 4

Content of the article

The OTCQB Venture Index (.OTCQB), which tracks the broad OTCQB Venture market, fell 35.0% in the second quarter. One hundred and two companies were added to the index while one hundred and twenty-five were removed. Iveda Solutions, Inc. (IVDA) went to NASDAQ on 04/01/2022. John Marshall Bancorp, Inc. (JMSB) went to NASDAQ on 04/27/2022. SOBR SAFE Inc. (SOBR) went to NASDAQ on 05/16/2022. 374Water Inc. (SCWO) went to NASDAQ on 06/14/2022. Connexa Sports Technologies Inc. (CNXA) moved to NASDAQ on 06/15/2022. Additionally, thirteen stocks moved from OTCQB to OTCQX in the second quarter and are now included in at least one of the OTCQX indices.

For a list of all index additions and deletions, visit
https://www.otcmarkets.com/files/Quarterly_Index_Constituent_Changes.pdf

Advertisement 5

Content of the article

All indices are weighted by market capitalization and adjusted on a quarterly basis for stock additions and changes greater than 5% during the months of March, June, September and December. In the case of adverse effects, the DR ratio is taken into account. Dividends are reinvested at the close of business on the day before the ex-dividend date.

OTCQX Composite Index, OTCQX Billion+ Index, OTCQX Dividend Index, OTCQX International Index, OTCQX US Index, OTCQX Banks Index, OTCQX Cannabis Index and OTCQB Venture Index have criteria minimum liquidity to ensure negotiability.

All index data is priced in real time and is available on the OTC Markets Group website, www.otcmarkets.com, and through major financial data distributors and websites, including Bloomberg, Reuters and FT. com.

Advertising 6

Content of the article

Past performance does not guarantee future results. Investors cannot invest directly in any of these indices.

OTC Markets Group Inc. does not provide any advice, recommendation or endorsement regarding any company or securities. Nothing herein shall be deemed to constitute an offer to sell or a solicitation of an offer to buy securities.

About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates regulated markets for the trading of 12,000 US and international securities. Our data-driven disclosure standards form the foundation of our three public markets: OTCQX® Cheapest, OTCQB® Venture Market and pink® Market open.

Our OTC link® Alternative Trading Systems (ATS) provide essential market infrastructure that brokers rely on to facilitate trading. Our innovative model provides businesses with more efficient access to US capital markets.

OTC Link ATS, OTC Link ECN and OTC Link NQB are each an SEC regulated ATS operated by OTC Link LLC, a FINRA and SEC registered broker-dealer, Member SIPC.

To learn more about how we create better informed and more efficient markets, visit www.otcmarkets.com.

Media Contact:
OTC Markets Group Inc., +1 (212) 896-4428, media@otcmarkets.com

Advertising

comments

Postmedia is committed to maintaining a lively yet civil discussion forum and encourages all readers to share their views on our articles. Comments can take up to an hour to be moderated before appearing on the site. We ask that you keep your comments relevant and respectful. We have enabled email notifications. You will now receive an email if you receive a reply to your comment, if there is an update to a comment thread you follow, or if a user follows you comments. See our Community Guidelines for more information and details on how to adjust your email settings.

Leave a Comment

Your email address will not be published.