GlobeNewswire by notified

OTC Markets Group Announces the 2023 OTCQX Best 50

Share

NEW YORK, Jan. 18, 2023 (GLOBE NEWSWIRE) -- OTC Markets Group Inc. (OTCQX: OTCM), today announced the 2023 OTCQX® Best 50, a ranking of the top-performing OTCQX companies in the prior calendar year.

The OTCQX Best 50 is an annual ranking of the top 50 U.S. 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 2023 OTCQX Best 50 were ranked based on their performance during the 2022 calendar year.

“We congratulate the 2023 OTCQX Best 50 companies on being able to outperform their peers in a year of difficult market conditions,” said Jason Paltrowitz, OTC Markets Group EVP of Corporate Services. “This year’s roster represents the breadth of industries and geographies that contribute to the diverse range of OTCQX-traded securities.

2023 OTCQX Best 50 Results and Highlights

The 2023 OTCQX Best 50 companies traded a total $6.5 billion dollar volume. The companies delivered to investors a median total return of 20% 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.

This year’s top performing company, Journey Energy Inc. (OTCQX: JRNGF), is a Canadian oil and gas exploration and production company. Journey Energy Inc. cross-trades on the Toronto Stock Exchange (TSX) in Canada under the ticker symbol “JOY.” They are among the 15 Canadian companies rounding out the list of the OTCQX Best 50.

U.S. and Canadian companies comprised a high concentration of the 2023 OTCQX Best 50 at 19 and 15 companies respectively. This year’s list also included representation from ten other countries. The list included companies traded on Frankfurt Stock Exchange, ASX, LSE, Bolsa Mexicana de Valores, SIX Swiss Exchange, Madrid Stock Exchange, Istanbul Stock Exchange, Hong Kong Stock Exchange, and BM&F Bovespa. The diversity of countries further demonstrates the success of OTCQX as a global gateway to connect issuers with the U.S. investment community.

Fifteen U.S. community banks were also included among this year’s OTCQX Best 50 list:

Six companies from last year’s ranking made their second appearance on the OTCQX Best 50 list in 2023.

The 2023 OTCQX Best 50 Companies:

RankCompanySymbol
1Journey Energy Inc.(OTCQX: JRNGF)
2Silex Systems Ltd.(OTCQX: SILXY; SILXF)
3Petrus Resources Ltd.(OTCQX: PTRUF)
4Blue Dolphin Energy Co.(OTCQX: BDCO)
5InPlay Oil Corp.(OTCQX: IPOOF)
6K Plus S AG(OTCQX: KPLUY; KPLUF)
7Sunrise Energy Metals Ltd.(OTCQX: SREMF)
8Alvopetro Energy Ltd(OTCQX: ALVOF)
9United Bancorporation of Alabama, Inc.(OTCQX: UBAB)
10American Shipping Company ASA(OTCQX: ASCJF)
11BankFirst Capital Corporation(OTCQX: BFCC)
12Hemisphere Energy Corp.(OTCQX: HMENF)
13Norsk Hydro ASA(OTCQX: NHYDY; NHYFK)
14Filo Mining Corp.(OTCQX: FLMMF)
15Communities First Financial Corporation(OTCQX: CFST)
16Los Andes Copper Ltd.(OTCQX: LSANF)
17TAG Oil Ltd.(OTCQX: TAOIF)
18GBank Financial Holdings Inc.(OTCQX: GBFH)
19JD Bancshares, Inc.(OTCQX: JDVB)
20Grupo Financiero Banorte, S.A.B. De C.V.(OTCQX: GBOOY; GBOOF)
21Deutsche Telekom AG(OTCQX: DTEGY; DTEGF)
22Zurich Insurance Group Ltd(OTCQX: ZURVY; ZFSVF)
23Rise Gold Corp.(OTCQX: RYES)
24Barksdale Resources Corp.(OTCQX: BRKCF)
25Table Trac, Inc.(OTCQX: TBTC)
26G2 Goldfields Inc.(OTCQX: GUYGF)
27Private Bancorp of America, Inc.(OTCQX: PBAM)
28Wayne Savings Bancshares, Inc.(OTCQX: WAYN)
29Altius Minerals Corp.(OTCQX: ATUSF)
30Repsol S.A.(OTCQX: REPYY; REPYF)
31Yankuang Energy Group Co Ltd(OTCQX: YZCAY; YSCHF)
32Gear Energy Ltd(OTCQX: GENGF)
33Bank of San Francisco(OTCQX: BSFO)
34Farmers & Merchants Bancorp(OTCQX: FMCB)
35ATLANTIC LITHIUM LTD.(OTCQX: ALLIF)
36Heartland BancCorp(OTCQX: HLAN)
37Akbank Turk Anonim Sirketi(OTCQX: AKBTY)
38Lyons Bancorp, Inc.(OTCQX: LYBC)
39Localiza Rent A Car SA(OTCQX: LZRFY)
40U & I Financial Corp(OTCQX: UNIF)
41CW Bancorp(OTCQX: CWBK)
42Imperial Brands PLC(OTCQX: IMBBY; IMBBF)
43XTRACT ONE TECHNOLOGIES INC.(OTCQX: XTRAF)
44Turkiye Garanti Bankasi A.S.(OTCQX: TKGBY; TKGBF)
45Critical Elements Lithium Corporation(OTCQX: CRECF)
46Tri County Financial Group Inc.(OTCQX: TYFG)
47Desert Mountain Energy Corp.(OTCQX: DMEHF)
48Eagle Financial Services, Inc.(OTCQX: EFSI)
49Fortescue Metals Group Ltd(OTCQX: FSUGY; FSUMF)
50CreditRiskMonitor.com, Inc.(OTCQX: CRMZ)


OTC Markets Group applied the following criteria to eligible companies traded on OTCQX on December 31, 2023, to determine which companies would qualify for the 2023 OTCQX Best 50:

  • traded on OTCQX on December 31, 2021
  • closing share price of $0.25 or greater on December 31, 2022
  • closing share price on December 31, 2022, greater than on December 31, 2021
  • traded equal to or greater than $500,000 in dollar volume in 2022
  • not a “penny stock” on December 31, 2022, as defined under SEC Rule 3a51-1 of the Securities Exchange Act of 1934
  • member of the OTCQX Composite Index as of December 31, 2022

View the complete 2023 OTCQX Best 50 ranking.

OTC Markets Group reserves discretion to omit companies from the ranking that no longer demonstrate the OTCQX market standards of transparency and wide distribution of news and financial disclosure.

The OTCQX Best 50 is for informational purposes only. Neither OTC Markets Group Inc. nor its affiliates make any recommendation to buy or sell any security or any representation about the financial condition of any company. Investors should undertake their own due diligence and carefully evaluate companies before investing.

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 over 12,000 U.S. and global securities.  Through our regulated OTC Link® Alternative Trading Systems, the Company connects 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 their investors.

OTC Link ATS, OTC Link ECN and OTC Link NQB are each an SEC regulated ATS, operated by OTC Link LLC, a FINRA and SEC registered broker-dealer, member SIPC.

To learn more about how we create better informed and more efficient markets, visit www.otcmarkets.com.

Media Contact:
OTC Markets Group Inc., +1 (212) 896-4428, media@otcmarkets.com

To view this piece of content from www.globenewswire.com, please give your consent at the top of this page.
To view this piece of content from ml.globenewswire.com, please give your consent at the top of this page.

About GlobeNewswire by notified

GlobeNewswire by notified
GlobeNewswire by notified
One Liberty Plaza - 165 Broadway
NY 10006 New York

https://notified.com

GlobeNewswire by notified is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.

Subscribe to releases from GlobeNewswire by notified

Subscribe to all the latest releases from GlobeNewswire by notified by registering your e-mail address below. You can unsubscribe at any time.

Latest releases from GlobeNewswire by notified

NNIT A/S: The Danish Business Authority has issued a decision requiring NNIT to update its accounting treatment of earn-out payments in the annual reports for 2020 and 202128.1.2023 17:18:54 CET | Press release

The Danish Business Authority has conducted a compliance review of NNIT A/S’ annual reports as stated in company announcement 12/2022. Following dialogue with NNIT, the Danish Business Authority has made a final decision affirming that the earn out payment related to the acquisition of Excellis Health Solutions should not be included in capitalized acquisition costs and goodwill, but instead expensed as remuneration as the earn out is in part subject to the selling shareholders’ continued employment during the accrual period. In consequence, NNIT is required to update its accounting treatment of earn-out payment in the annual reports from goodwill to special items as outlined below. A similar approach will be applied to the recognition of earn out payments for other acquisitions, including SCALES, Valiance Partner, HGP Group, SL Controls and prime4services. The technical changes to historical accounting policies will have no impact on total cash flow or the planned divestment of NNIT’s

Inside information: Digitalist Group’s subsidiary Digitalist Finland Oy has signed a term sheet for acquiring Walker & Handson Oy28.1.2023 13:00:00 CET | Press release

Digitalist Group Plc Inside information January 28nd, 2023 at 14:00 Inside information: Digitalist Group’s subsidiary Digitalist Finland Oy has signed a term sheet for acquiring Walker & Handson Oy Digitalist Group Plc (“Digitalist Group”) and its fully-owned subsidiary Digitalist Finland Oy have signed a term sheet (“LOI”) to an agreement (“Transaction”) in which Digitalist Finland Oy would acquire Walker & Handson Oy (“W&H”) to strengthen the management and tech & design business in Digitalist Finland Oy. In the intended Transaction Digitalist Finland Oy would acquire all shares in W&H through share exchange by issuing new Digitalist Finland Oy’s shares in a direct share issue to W&H representing approximately 10% of all shares in Digitalist Finland Oy after completion of the Transaction. The owner of W&H Jussi Hermunen will at the same time take over the position of Managing Director of Digitalist Finland Oy. Mr Jussi Hermunen would bring in solid experience of leading teams and bus

Hexagon Agility launches next generation Mobile Pipeline® modules with deliveries to Certarus28.1.2023 10:20:00 CET | Press release

28 January 2023: As previously disclosed, Hexagon Agility®, a business of Hexagon Composites, signed a multi-year agreement in March 2021 with Certarus, a leading full-service provider of bulk gas transport, to supply newly designed TITAN 450 Mobile Pipeline® modules. Hexagon Agility’s TITAN 450 modules represent the next generation of gas distribution modules and will be used to transport compressed and renewable natural gas (CNG/RNG) throughout North America. Under this agreement, Hexagon Agility has received a new USD 25.6 million (approx. NOK 253 million) order representing the inaugural order of Hexagon Agility’s new TITAN 450 modules. “We are proud to receive our first order for TITAN 450 from Certarus,” said Miguel Raimao, Vice President of Mobile Pipeline at Hexagon Agility. “Over 90% of the TITAN platform has been redesigned. The new TITAN 450 delivers 25% greater gas capacity, while being 20% lighter in the same 40-foot length. We appreciate our long-standing relationship wit

Brasilianska konkurrensmyndigheten godkänner försäljningen av Maha Energy Brasil27.1.2023 21:20:00 CET | Pressemelding

Maha Energy AB (publ) meddelar att brasilianska konkurrensmyndigheten (CADE) har, utan förbehåll, godkänt försäljningen av Maha Energy Brasil Ltda. till PetroRecôncavo S.A. Överlåtelseavtalet för försäljning av hela Mahas andel i Bolagets brasilianska dotterbolag offentliggjordes den 28 december och försäljningens genomförande villkorades av sedvanliga förbehåll, varav ett var godkännande av den brasilianska konkurrensmyndigheten. Denna information är sådan information som Maha Energy AB (publ) är skyldigt att offentliggöra enligt EU:s marknadsmissbruksförordning. Informationen lämnades, genom ovanstående kontaktpersons försorg, för offentliggörande den 27 januari, 2023 kl.21:20 CET För ytterligare information, kontakta: Paulo Thiago Mendonça, VD Telefon: +46 8 611 05 11 E-post: info@mahaenergy.ca Bernardo Guterres, CFO Telefon: +46 8 611 05 11 E-post: info@mahaenergy.ca Kort om Maha Maha Energy AB (publ) är ett listat, internationellt uppströmsolje- och gasbolag vars affärsverksamhet

Brazilian antitrust authority approves the sale of Maha Energy Brasil27.1.2023 21:20:00 CET | Press release

Maha Energy AB is pleased to announce that the Brazilian antitrust authority (CADE) has approved, without restrictions, the sale of Maha Energy Brasil Ltda. to PetroRecôncavo S.A. The quota purchase agreement for the sale of the entirety of Maha’s stake in its Brazilian subsidiary was announced on December 28, 2022, with its closing subject to other customary precedent conditions, the approval by the Brazilian antitrust authority being one of them. This information is such information as Maha Energy AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out below, at 21:20 CET, 27 January 2023 For more information, please contact: Paulo Thiago Mendonça, CEO Phone: +46 8 611 05 11 E-mail: info@mahaenergy.ca Bernardo Guterres, CFO Phone: +46 8 611 05 11 E-mail: info@mahaenergy.ca About Maha Maha Energy AB (publ) is a listed, international upstream oil and gas company whose