Pantheon Resources PLC (AIM:PANR, OTC:PTHRF) said it has qualified to trade on the OTCQX Best Market, having been upgraded from the Pink Market.
OTCQX is the highest quality tier of New York-based OTC Markets Group Inc, the operator of regulated markets for 12,000 US and international securities.
Trading will enhance the visibility and accessibility of the company to US investors, the oil and gas company said, while its ordinary shares will continue to trade on London’s Alternative Investment Market (AIM).
In a statement, Jay Cheatham, Pantheon chief executive, commented: "This is an excellent opportunity for the company to be able to provide fully transparent trading to our US investors in real-time and to help further increase both accessibility and visibility to trade Pantheon stock for US investors at this key stage in our journey."
He added: “Given 100% of our oil and gas assets are located onshore USA, this is a logical step for our company."