OTC Markets Group Inc, the operator of financial markets for over 11,000 US and global securities, has announced the 2022 OTCQX Best 50, a ranking of the top-performing OTCQX companies in the prior calendar year.
These companies leverage the transparency and disclosure standards of the premium OTCQX market to increase their exposure among US investors.
The OTCQX Best 50 is an annual ranking of the top 50 US and international companies traded on the OTCQX Best Market, based on an equal weighting of one-year total return and average daily dollar volume growth. Companies in the 2022 OTCQX Best 50 were ranked based on their performance during the 2021 calendar year.
In a statement, Jason Paltrowitz, OTC Markets Group EVP of Corporate Services commented: “The 2022 OTCQX Best 50 highlights a broad range of companies traded on the OTCQX Market. Much like the market itself these companies represent various sizes, geographies and sectors including mining, energy, technology, financial services and crypto. We are thrilled to see these companies grow, leveraging our regulated public markets. We congratulate this year’s roster and are proud to recognize the impressive efforts of these companies.”
Investors can view the complete 2022 OTCQX Best 50 ranking via the following link: https://www.otcmarkets.com/files/2022_OTCQX_Best_50.pdf
2022 OTCQX Best 50 Results and Highlights:
The 2022 OTCQX Best 50 companies traded an aggregate $594 million in average daily dollar volume in 2021, up from $123 million in 2020.
The companies delivered to investors a median total return of 81% in 2021. The median market cap for the companies ranked in this year’s list was just under $200 million, and among them were 9 companies with a market cap greater than $1 billion.
This year’s top-performing company, Nanalysis Scientific Corp, is a Canadian developer and manufacturer of portable Nuclear Magnetic Resonance (NMR) devices for laboratory and industrial markets. Nanalysis Scientific Corp cross-trades on the TSX Venture Exchange (TSXV) in Canada under the ticker symbol NSCI and the Frankfurt Stock Exchange under the ticker symbol 1N1 also earning the ranking of the top-performing international company on the 2022 OTCQX Best 50.
Canadian companies comprised a high concentration of the 2022 OTCQX Best 50, and in addition six US companies were included in this year’s rankings. This year’s list also included representation from Euronext Amsterdam, Hong Kong Stock Exchange and ASX, demonstrating the success of OTCQX as a global gateway to connect issuers with the US investment community.
Three community banks were also included among this year’s OTCQX Best 50 list: GrandSouth Bancorporation (OTCQX:GRRB), SVB&T Corporation, and Coastal Carolina Bancshares Inc.
Ten companies from last year’s ranking made their second appearance on the OTCQX Best 50 list in 2022:
- IsoEnergy Ltd. (OTCQX: ISENF)
- Global Atomic Corp. (OTCQX: GLATF)
- Neo Lithium Corp (TSX-V:NLC). (OTCQX: NTTHF)
- Deep Yellow Ltd (ASX:DYL). (OTCQX: DYLLF)
- Grayscale Digital Large Cap Fund LLC (OTCQX: GDLC)
- Converge Technology Solutions Corporation (OTCQX: CTSDF)
- POET Technologies Inc (TSX-V:PTK, OTCQX:POETF). (OTCQX: POETF)
- H2O Innovation (TSX:HEO) Inc. (OTCQX: HEOFF)
- Nanoxplore Inc. (OTCQX: NNXPF)
- Grayscale Bitcoin Trust (BTC) (OTCQX: GBTC)
- Adventus Mng Corp. (OTCQX: ADVZF)
H2O Innovation (TSX:HEO) Inc. and Grayscale Bitcoin Trust’s inclusion in this year’s list marked their third consecutive appearance on the OTCQX Best 50.
OTC Markets Group applied the following criteria to eligible companies traded on OTCQX on December 31, 2021, to determine which companies would qualify for the 2022 OTCQX Best 50:
- traded on OTCQX on December 31, 2020
- closing share price of $0.25 or greater on December 31, 2021
- closing share price on December 31, 2021, greater than on December 31, 2020
- traded equal to or greater than $500,000 in dollar volume in 2021
- not a “penny stock” on December 31, 2021, as defined under SEC Rule 3a51-1 of the Securities Exchange Act of 1934
- member of the OTCQX Composite Index as of December 31, 2021
Contact the author at jon.hopkins@proactiveinvestors.com