Alkane Resources (ASX:ALK, OTCQX:ANLKY) has been named to the 2017 OTCQX®Best 50, a ranking of top performing companies traded on the OTCQX Best Market last year.
Ian Chalmers, managing director, stated that the company’s success on the OTCQX "Reflects the development progress of the Dubbo Project in Australia.
"Our rare metals/rare earths project will be critical for use in aerospace, defense, clean energy technologies and high tech devices that we use every day across the world.
"The Dubbo Project has all environmental approvals and is now construction ready pending financing."
Details of the ranking
The OTCQX Best 50 is an annual ranking of the top 50 U.S. and international companies traded on the OTCQX market.
The ranking is calculated based on an equal weighting of one-year total return and average daily dollar volume growth in the previous calendar year.
Companies in the 2017 OTCQX Best 50 were ranked based on their performance in 2016.
2017 OTCQX Best 50 companies traded an aggregate $3.4 billion in dollar volume in 2016.
The companies delivered an average total return of 130%.
Alkane Resources recorded a 2016 return of 54.60%.