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13.09.2022 14:00:10

DGAP-News: A Quick Look at the OTC Markets' Most-Active Securities In August - Heres What You Need to Know

DGAP-News: OTC Markets
A Quick Look at the OTC Markets' Most-Active Securities In August - Heres What You Need to Know

13.09.2022 / 14:00 CET/CEST
The issuer is solely responsible for the content of this announcement.


While July gave markets around the world a breather, August reestablished 2022s choppy financial conditions.

The SPDR S&P 500 ETF Trust (NYSEARCA: SPY) declined by 4.08% in August, its fifth month of decline in 2022. The Fidelity Nasdaq Composite Index ETF (NASDAQ: ONEQ) and the SPDR Dow Jones Industrial Average ETF (NYSEARCA: DIA) mirrored this downward trend, showing monthly decreases of 4.59% and 3.96%, respectively, in August.

Given the possibility some think probability that the Federal Reserve will hike rates yet again in September, and the fact that global economies are experiencing growing inflationary pressures, investor sentiment appears to have altered course in August when compared to July. While some warn that the U.S. may be heading into a prolonged recession, others report that recent macroeconomic data like a 3.7% unemployment rate do not support this argument.

Even as ambiguity surrounds the markets future movements, OTC Markets Group Inc.s (OTCQX: OTCM) regulated markets experienced a slight increase in total monthly volume in August, recording $39.3 billion in trades for the month compared to $37.3 billion in July. Additionally, two Ethereum-based securities found themselves in improved positions on the OTCQX Best Markets Most Active list.

Finally, a number of new securities have emerged on the OTCQX Best Market and OTCQB Venture Market, which could potentially be of interest to investors despite the relatively bearish sentiment experienced throughout the month and year so far. Both the OTCQX Best Market and the OTCQB Venture Market maintained a significant international presence in August, with over half of the top most-traded securities across both markets being composed of international operators.

A Dive Into The OTCQX Best Markets Most-Active List

The OTCQX Best Market recorded $7 billion in trades in August, a figure that has been relatively unchanged since July.

Grayscale Ethereum Trust (OTCQX: ETHE) rose to the top of OTCQX Best Markets most-active list, while steadfast performers Roche Holding AG (OTCQX: RHHBY) and Grayscale Bitcoin Trust (OTCQX: GBTC) slotted in as the second and third most-traded securities.

Additionally, OTCQXs top 10 most-active securities experienced a slight reshuffle in August, welcoming Imperial Brands PLC (OTCQX: IMBBY), a multinational tobacco company, and Computer Services Inc. (OTCQX: CSVI). The two displace Danone S.A. (OTCQX: DANOY) and Zurich Insurance Group Ltd. (OTCQX: ZURVY), two usuals in the OTCQXs Top 10 Most Active list.

Despite poor market conditions around the globe, the OTCQX Best Market has managed to maintain its hold on a number of industries, as demonstrated by the constituents of its Most Active list. Below are some of the companies on the list along with their relevant specialties:

  • Infineon Technologies AG (OTCQX: IFNNY): Semiconductor solutions.

  • BASF SE (OTCQX: BASFY) (OTCQX: BFFAF): Chemical manufacturing.

  • Grayscale Bitcoin Trust (OTCQX: GBTC): Digital currency investment product

  • Trulieve Cannabis Corp. (OTCQX: TCNNF): Cannabis sales and cultivation.

  • Heineken N.V. (OTCQX: HEINY): Alcohol manufacturing and distribution.

Of the 30 securities on the Most Active list, 22 were international operators. Some of these were new faces like the United Kingdoms Imperial Brands and Canadas Reconnaissance Energy Africa Ltd. (OTCQX: RECAF), while some regulars like Germanys Adidas AG (OTCQX: ADDYY) and the United Kingdoms Anglo American PLC (OTCQX: NGLOY) were also present.

Other notable volume movers:

  • Grayscale Ethereum Classic Trust (OTCQX: ETCG) claimed the 23rd spot on the OTCQXs Most Active list, experiencing a 112% increase in trading volume.

The OTCQB Venture Market Experiences A Reshuffle In August

The OTCQB Venture Market recorded $601 million in trades in August, an increase from Julys $463 million figure.

Like the OTCQX Best Market, the OTCQB Venture Markets Top 10 Most Active list saw two new entries. Specifically, American Lithium Corp. (OTCQB: LIACF) and Todos Medical Ltd. (OTCQB: TOMDF) made their way into the top 10.

Similar to July, the OTCQB Venture Market witnessed a number of novelties in August. In addition to two new companies on the Top 10 Most Active list, the second, third and fourth most-active securities also changed. Computer memory subsystems specialist Netlist Inc. (OTCQB: NLST), mortgage financiers Federal Home Loan Mortgage Corp. (Freddie Mac) (OTCQB: FMCC), and Federal National Mortgage Association (Fannie Mae) (OTCQB: FNMA) made way for Stemtech Corp. (OTCQB: STEK), Northwest Biotherapeutics Inc. (OTCQB: NWBO) and American Battery Technology Co. (OTCQB: ABML).

Thirteen international securities landed a spot on the OTCQB Venture Markets Most Active list. Of these, four are Australian, six are Canadian, one is Israeli, one is South African and one is from Hong Kong.

Other notable movers:

  • Snowline Gold Corp. (OTCQB: SNWGF) climbed to 12th place on the Most Active list and recorded an $8.6 million rise in trading volume compared to last month.

  • Hugoton Royalty Trust (OTCQB: HGTXU) climbed to 13th place in the Most Active list and recorded an $8.5 million rise in trading volume compared to last month.

  • DSG Global Inc. (OTCQB: DSGT) climbed to 17th place on the Most Active list and recorded a $5.5 million rise in trading volume compared to last month.

The OTCQX And OTCQB Top 10

Below are the top 10 most actively traded securities on the OTCQX Best Market and OTCQB Venture Market in August.

OTCQX Top 10:

Company Name

Symbol

August Dollar Volume

Grayscale Ethereum Trust (ETH)

ETHE

$

1,114,134,926

Roche Holding Ltd.

RHHBY

$

935,026,316

Grayscale Bitcoin Trust (BTC)

GBTC

$

921,411,988

adidas AG

ADDYY

$

302,833,956

Computer Services Inc.

CSVI

$

292,875,479

BNP Paribas

BNPQY

$

291,431,930

Anglo American plc

NGLOY

$

195,164,216

Infineon Technologies AG

IFNNY

$

168,045,608

Imperial Brands PLC

IMBBY

$

167,522,020

BASF SE

BASFY

$

153,897,600

OTCQB Top 10:

Company Name

Symbol

August Dollar Volume

CytoDyn Inc.

CYDY

$

64,363,191

Stemtech Corp.

STEK

$

49,237,636

Northwest Biotherapeutics Inc.

NWBO

$

25,610,301

American Battery Technology Co.

ABML

$

21,298,838

Netlist Inc.

NLST

$

17,770,131

Fannie Mae

FNMA

$

17,430,475

Lake Resources N.L.

LLKKF

$

14,688,357

American Lithium Corp.

LIACF

$

14,031,588

Freddie Mac

FMCC

$

13,769,993

Todos Medical Ltd.

TOMDF

$

13,610,935

OTC Markets Group Inc. (OTCQX: OTCM) operates regulated markets for trading 12,000 U.S. and international securities. Our data-driven disclosure standards form the foundation of our three public markets: OTCQX® Best Market, OTCQB® Venture Market and Pink® Open Market. Our OTC Link® Alternative Trading Systems (ATSs) provide critical market infrastructure that broker-dealers rely on to facilitate trading. Our innovative model offers companies more efficient access to the U.S. financial 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.

This post contains sponsored advertising content. This content is for informational purposes only and is not intended to be investing advice.

Contact Details

OTC Markets Group, Inc.

media@otcmarkets.com

Company Website

https://www.otcmarkets.com/


News Source: News Direct


13.09.2022 CET/CEST Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


Language: English
Company: OTC Markets
United States
ISIN: US67106F1084
EQS News ID: 1441549

 
End of News DGAP News Service

1441549  13.09.2022 CET/CEST

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