OTC Markets Group Inc. (OTCQX:OTCM) has revealed the top performing companies on the OTCQX in the past year.
The 2023 OTCQX Best 50 ranks the top-performing OTCQX companies annually and is based on an equal weighting of one-year total return and average daily dollar volume growth.
Companies in the 2023 OTCQX Best 50 were ranked based on their performance during the 2022 calendar year.
Coming in at number one is Journey Energy (TSX:JOY) Inc, a Canadian oil and gas exploration and production company. Journey is one of 15 Canadian companies rounding out the list of the OTCQX Best 50.
This year’s roster represents the breadth of industries and geographies that contribute to the diverse range of OTCQX-traded securities, said Jason Paltrowitz, OTC Markets Group’s executive vice president of corporate services.
“We congratulate the 2023 OTCQX Best 50 companies on being able to outperform their peers in a year of difficult market conditions,” said Paltrowitz.
2023 OTCQX Best 50 Results and Highlights
The 2023 OTCQX Best 50 companies traded a total $6.5 billion dollar volume for a median total return of 20% to investors in 2022.
The median market cap for the companies ranked in this year’s list was over $198.6 million, and among them were 13 companies with a market cap greater than $1 billion, according to a release.
US and Canadian companies comprised a high concentration of the 2023 OTCQX Best 50 at 19 and 15 companies respectively, with representation from ten other countries.
“The diversity of countries further demonstrates the success of OTCQX as a global gateway to connect issuers with the US investment community,” OTC Markets noted.
Fifteen US community banks were also included among this year’s OTCQX Best 50 list, while six companies from last year’s ranking made their second appearance on the OTCQX Best 50 list in 2023.
The full list of companies comprising the 2023 OTCQX Best 50 is available here.
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