NEW YORK, Oct. 17, 2018 /PRNewswire/ -- OTC
Markets Group Inc. (OTCQX: OTCM), operator of financial markets for
10,000 U.S. and global securities, today announced the third
quarter 2018 performance and quarterly rebalancing of the OTCQX®
and OTCQB® indexes, including the OTCQX Canada Index and the OTCQX
Dividend Index.
The OTCQX Composite Index (.OTCQX), a benchmark for the overall
OTCQX Best Market, was up 2.6% in the third quarter. Fifty new
companies were added to the index, including: AusCann Group
Holdings Ltd. (OTCQX: ACNNF), Community Bancorp, Inc. (OTCQX:
CMTV), Freedom Oil and Gas Ltd. (OTCQX: FDMQY), Lyons Bancorp, Inc.
https://www.otcmarkets.com/stock/CZID/overview (OTCQX: LYBC),
Organigram Holdings, Inc. (OTCQX: OGRMF), Sky Plc (OTCQX: BSYBF)
and Victory Square Technologies Inc (OTCQX: VSQTF). Fifteen
companies were removed from the index, including: Riverview
Financial (OTCQX: RIVE), which graduated to NASDAQ on 8/14/18,
SilverCrest Metals (OTCQX: SILV) which went to NYSE AMERICAN on
8/21/18 and FVCBankcorp (OTCQX: FVCB)
which graduated to NASDAQ on 9/14/18.
The OTCQX Billion+ Index (.OTCQXBIL), which tracks the
performance of $1 billion-plus market
cap OTCQX companies, was up 2.6% for the quarter. Six
companies were added to the index, including Largo Resources Ltd.
(OTCQX: LGORF) and Green Organic Dutchman Holdings Ltd. (OTCQX:
TGODF). Four companies were removed.
The OTCQX Dividend Index (.OTCQXDIV), which tracks
dividend-paying U.S. and international OTCQX companies, was up 2.4%
in the quarter. Sixteen new companies were added to the index
and 7 companies were removed.
The OTCQX Banks Index (.OTCQXBK), comprised of OTCQX community
and regional banks, increased 2.7% in the quarter. Fifteen
companies were added to the index in the quarter and 6 companies
were removed. The 15 banks added were: Community Capital
Bancshares, Inc. (OTCQX: ALBY), Blue Valley Ban Corp. (OTCQX:
BVBC), Coastal Carolina Bancshares Inc. (OTCQX: CCNB), Community
Bancorp, Inc. (OTCQX: CMTV), Delmar Bancorp (OTCQX: DBCP),
Dacotah Banks, Inc. (OTCQX: DBIN),
Equitable Financial Corp. (OTCQX: EQFN), First Farmers Financial
Corp. (OTCQX: FFMR), Greater Hudson Bank (NY) (OTCQX: GHDS),
GrandSouth Bancorporation (OTCQX: GRRB), Lyons Bancorp, Inc.
(OTCQX: LYBC), MetroCity Bankshares Inc. (OTCQX: MCBS), SVB&T
Corporation (OTCQX: SVBT) and Victory Bancorp Inc. (OTCQX:
VTYB).
The OTCQX International Index (.OTCQXINT), a benchmark for
international OTCQX companies, was up 2.6% for the quarter.
Twenty-nine companies were added to the index and 6 companies were
removed.
The OTCQX Canada Index (.OTCQXCAN), which tracks Canadian OTCQX
companies, was up 7.6% in the third quarter. Twenty
companies were added to the index and 3 companies were removed.
Among those added: Almonty Industries Inc. (OTCQX: ALMTF), Fortress
Global Enterprises Inc. (OTCQX: FTPLF), Invictus MD Strategies
Corp. (OTCQX: IVITF) and Petroshale, Inc. (OTCQX: PSHIF).
The OTCQX U.S. Index (.OTCQXUS), a benchmark for U.S. OTCQX
companies, was down 1.2% in the third quarter. Twenty-one
companies were added to the index and 9 companies were removed.
The OTCQB Venture Index (.OTCQB), which tracks the overall OTCQB
Venture Market, was up 7.5% in the third quarter. One hundred
twenty-seven companies were added to the index and eighty companies
were rmoved. Among those added: AIT Therapeutics, Inc.
(OTCQB: AITB), Premier Biomedical Inc (OTCQB: BIEI) and Quantum
Energy, Inc. (OTCQB: QEGY). Eighty companies were removed from the
index, including: Chaparral Energy (OTCQB: CHAP) which graduated to
NYSE on 7/4/2018 and 3Pea
International (OTCQB: TPNL) which graduated to NASDAQ on
8/10/2018.
For a list of all index additions and deletions, visit
https://www.otcmarkets.com/files/Quarterly_Index_Constituent_Changes.pdf
All indexes are market capitalization-weighted and adjusted on a
quarterly basis for additions and share changes over 5% during the
months of March, June, September and December. In the case of
ADRs, the DR ratio is considered. Dividends are re-invested
as of the close of business the day before the ex-dividend
date.
The OTCQX Composite Index, OTCQX Billion+ Index, OTCQX Dividend
Index, OTCQX International Index, OTCQX U.S. Index, OTCQX Banks
Index and OTCQB Venture Index have minimum liquidity screens to
ensure tradability.
All index data is priced in real-time and is available on the
OTC Markets Group website, www.otcmarkets.com, and via major
financial data distributors and websites, including Bloomberg,
Reuters and FT.com.
Past performance does not guarantee future results.
Investors cannot invest directly in any of these
indexes.
OTC Markets Group Inc. provides no advice, recommendation or
endorsement with respect to any company or securities.
Nothing herein shall be deemed to constitute an offer to sell or a
solicitation of an offer to buy securities.
About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates the OTCQX® Best
Market, the OTCQB® Venture Market and the Pink® Open Market for
10,000 U.S. and global securities. Through OTC Link® ATS and
OTC Link ECN, we connect a diverse network of broker-dealers that
provide liquidity and execution services. We enable investors
to easily trade through the broker of their choice and empower
companies to improve the quality of information available for
investors.
To learn more about how we create better informed and more
efficient markets, visit www.otcmarkets.com.
OTC Link ATS and OTC Link ECN are operated by OTC Link LLC,
member FINRA/SIPC and SEC regulated ATS.
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Media Contact:
OTC Markets Group Inc., +1 (212)
896-4428, media@otcmarkets.com
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SOURCE OTC Markets Group Inc.