OTCM - The OTCQB Venture Market Records 4 Months Of Consecutive Volume Increases In OTC Market Group’s Most-Active List In October
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The SPDR S&P500 ETF Trust (NYSEARCA: SPY) increased by 8.13% in October— its second-largest monthly increase in 2022. The FidelityNASDAQ Composite Index ETF (NASDAQ: ONEQ) and the SPDR DowJones Industrial Average (DJA) ETF (NYSEARCA: DIA) mirrored thisdownward trend, showing monthly increases in October of 4.03% and13.96%, respectively.
The DJA’s uncharacteristic strength in this market seems tosuggest that value stocks, a traditionally safer set of securities,seem to be favored by investors. The oil, biotechnology and financesectors seem to be demonstrating some strength.
As investor trepidations simmered withanother Federal Reserve-sponsored rate hike, OTC Markets GroupInc. ’s (OTCQX: OTCM) regulated markets experienced a slightdecrease in total monthly volume, recording $37.2 billion in Octobercompared to $39.5 billion in September.
A Dive Into The OTCQXBest Market’s Most-Active List
The OTCQX Best Market recorded $6.7 billion intrading volume in October, a slight decrease over the $7.3 billion intrading volume in September .
For the first time inmonths, the top three contenders on the OTCQX’s Most-Active listremain unchanged from the prior month. Roche Holding AG (OTCQX:RHHBY), Grayscale Bitcoin Trust (OTCQX: GBTC) and GrayscaleEthereum Trust (OTCQX: ETHE) remain in the first-, second- andthird-most-traded positions.
The remaining constituents in OTCQX’s top 10most-active securities experienced a slight reshuffle in October,welcoming both new and familiar faces in Royal DSM NV (OTCQX:RDSMY) and Anglo American PLC (OTCQX: NGLOY). The two newcomersdisplace Danone S.A. (OTCQX: DANOY) and Akzo Nobel N.V. (OTCQX: AKZOY) in the top 10 most-active securities list.
Other notable movers:
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Green Thumb Industries Inc. (OTCQX: GTBIF) claimed the13thspot on the OTCQX’s Most Active list, experiencing a 211%increase in trading volume.
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Curaleaf Hldngs Inc. (OTCQX: CURLF) claimed the 21stspot on the OTCQX’s Most Active list, experiencing a 132% increasein trading volume.
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VeranoHoldings Corp. (OTCQX: VRNOF) claimed the 25th spot on OTCQX’sMost Active list, experiencing a 128% increase in tradingvolume.
The OTCQB Venture Market: 4 Months Of VolumeSurges
The OTCQBVenture Market recorded $739 million in October, an increase over the$642.6 million in trading volume recorded in September. In fact,trading volume in the OTCQB Venture Market has increased on a monthlybasis since at least July.
Like the OTCQX Best Market, the OTCQB VentureMarket’s top 10 Most Active list for the month saw new entries.Specifically, Lake Resources N.L. (OTCQB: LLKKF), StemtechCorp. (OTCQB: STEK) and Know Labs Inc. (OTCQB: KNWN) madeway for GPO PLUS INC . (OTCQB: GPOX), CreatdInc. (OTCQB:CRTD) and Evofem Biosciences Inc. (OTCQB: FVFM).
The three new securitiesaddress different market segments. GPO Plus, for example, specializesin group purchase organizations. Creatd provides economicopportunities for creators through technologies and partnerships, andEvofem Biosciences is working on a hormone-free contraceptive.
Another notable mover is Nextech ARSolutions Corp. (OTCQB: NEXCF), which climbed to 25th place on theMost Active list and recorded a $1.3 million rise in trading volumecompared to last month.
The OTCQX And OTCQB Top 10
Below are the top 10most actively traded securities on the OTCQX Best Market and OTCQBVenture Market in October.
OTCQXTop 10:
| CompanyName |
| Symbol |
| October DollarVolume |
| Roche HoldingLtd. |
| $ 1,037,984,026 |
| Grayscale Bitcoin Trust (BTC) |
| $ 746,362,949 |
| Grayscale Ethereum Trust (ETH) |
| $ 481,423,529 |
| adidas AG |
| $ 405,479,500 |
| Royal DSM NV |
| $ 266,863,973 |
| BNP Paribas |
| $ 253,313,433 |
| Deutsche Telekom AG |
| $ 219,756,826 |
| Infineon Technologies AG |
| $ 199,919,697 |
| Anglo American plc |
| $ 185,680,509 |
| Computer Services Inc. |
| $ 176,801,020 |
OTCQB Top 10:
| CompanyName |
| Symbol |
| September DollarVolume |
| Global TechIndustries Group Inc. |
| $ 321,980,443 |
| American Battery TechnologyCo. |
| $ 31,309,136 |
| Netlist Inc. |
| $ 26,785,498 |
| Northwest Biotherapeutics Inc. |
| $ 15,828,840 |
| GPO PLUS INC. |
| $ 14,444,008 |
| Fannie Mae |
| $ 12,739,068 |
| Created Inc. |
| $ 10,882,484 |
| CytoDyn Inc. |
| $ 9,010,050 |
| Freddie Mac |
| $ 7,943,889 |
| Evofem Biosciences Inc. |
| $ 7,204,630 |
OTCMarkets Group Inc. (OTCQX: OTCM) operates regulated markets fortrading 12,000 U.S. and international securities. Our data-drivendisclosure standards form the foundation of our three public markets:OTCQX® Best Market, OTCQB® Venture Market and Pink® Open Market. Our OTC Link® Alternative Trading Systems (ATSs) provide criticalmarket infrastructure that broker-dealers rely on to facilitatetrading. Our innovative model offers companies more efficient accessto the U.S. financial markets. OTC Link ATS, OTC Link ECN and OTC LinkNQB are each an SEC regulated ATS, operated by OTC Link LLC, a FINRAand SEC registered broker-dealer, member SIPC.
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