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Published on January 18, 2024 • 5 minutes reading
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NEW YORK, Jan. 18, 2024 (GLOBE NEWSWIRE) — OTC Markets Group Inc. (OTCQX: OTCM) today announced the 2024 OTCQX® Best 50, a ranking of the best-performing OTCQX companies in the previous calendar year.
The OTCQX Best 50 is an annual ranking of the top 50 U.S. and international companies trading on the OTCQX Best Market based on equal weighting of one-year total return and average daily dollar volume growth. The companies in the OTCQX Best 50 2024 were ranked based on their performance in the 2023 calendar year.
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“We congratulate this year’s OTCQX Best 50 companies on their ability to achieve high levels of performance during another challenging year for market conditions,” said Jason Paltrowitz, executive vice president of corporate services at OTC Markets Group. “This year’s list represents a diverse range of industries and regions, clearly demonstrating the value global cross-border trade can bring to businesses.”
2024 OTCQX Best 50 results and highlights
The 2024 OTCQX Best 50 companies traded a total of $11.4 billion. The companies delivered an average total return of 77% to investors in 2023. The average market capitalization of companies included in this year's list was over $186 million, and there were 10 companies with a market capitalization of more than $1 billion.
This year's top performing company is Bravo Mining Corp. (OTCQX: BRVMF), a Canada and Brazil-based mineral exploration and development company. Bravo Mining Corp cross-trades on the TSX Venture Exchange in Canada under the ticker symbol “BRVO.”
US and Canadian companies made up a high concentration of the 2024 OTCQX Best 50, with 25 and 16 companies respectively. The list also included companies traded on the ASX, Euronext Amsterdam, Euronext Paris, LSE and Singapore Exchange. The diversity of countries is further evidence of OTCQX's success as a global gateway for connecting issuers to the US investment community.
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Nine U.S. community banks were also named to this year's OTCQX Best 50 list:
Three companies from last year's ranking appeared on the OTCQX Best 50 list for the second time in 2024:
Top 50 OTCQX Companies 2024:
| rank | Pursue | symbol |
| 1 | Bravo Mining Corp. | BRVMF |
| 2 | Collective Mining Ltd | CNLMF |
| 3 | Grayscale Bitcoin Cash Trust (BCH) | BCHG |
| 4 | LithiumBank Resources Corp. | LBNKF |
| 5 | Data Communications Management Corp. | DCMDF |
| 6 | Grayscale Decentraland Trust (MANA) | MANA |
| 7 | Gold Reserve, Inc. | DDRZF |
| 8th | Grayscale Stellar Lumens Trust (XLM) | GXLM |
| 9 | G Mining Ventures Corp. | GMINF |
| 10 | Grayscale Litecoin Trust (LTC) | LTCN |
| 11 | Westbridge Renewable Energy Corp. | GIVE AWAY |
| 12 | Aya Gold & Silver Inc. | AYASF |
| 13 | Grayscale Digital Large Cap Fund LLC | GDLC |
| 14 | ES Bancshares, Inc. | ESBS |
| 15 | First Acceptance Corp. | I DO |
| 16 | Osprey Bitcoin Trust | OBTC |
| 17 | Bitwise 10 Crypto Index Fund | BITW |
| 18 | Grayscale Ethereum Trust (ETH) | HE SAID |
| 19 | GREAT PACIFIC GOLD CORP. | FSXLF |
| 20 | Grayscale Ethereum Classic Trust (ETC) | ETC |
| 21 | Mayfair Gold Corp. | MFGCF |
| 22 | Well Health Technologies Corp. | WHTCF |
| 23 | Blue Dolphin Energy Co. | BDCO |
| 24 | Foran Mining Corporation | FMCXF |
| 25 | Century Next Financial Corp | CTUY |
| 26 | Grayscale Horizen Trust (ZEN) | HZEN |
| 27 | The Trendlines Group Ltd. | TRNLY |
| 28 | Antibe Therapeutics, Inc. | ATBPF |
| 29 | Glass House Brands Inc. | GLASS |
| 30 | Patriot Battery Metals Inc | PMETF |
| 31 | Aldebaran Resources Inc. | ADBRF |
| 32 | Marks & Spencer Group Plc | MAKSY; MAKSF |
| 33 | Yellow Cake Plc | YLLXF |
| 34 | Champion Iron Limited | CIAFF |
| 35 | Lundin Gold Inc. | LUGDF |
| 36 | Xtract One Technologies Inc. | XTRAF |
| 37 | West Coast Community Bancorp | SCZC |
| 38 | GBank Financial Holdings Inc. | GBFH |
| 39 | Pinnacle Bankshares Corp. | PPBN |
| 40 | Sprott Physical Uranium Trust | SRUUF |
| 41 | FFB Bancorp | FFBB |
| 42 | Boss Energy Ltd | BQSSF |
| 43 | ASM International NV | NOUN |
| 44 | Heineken NV | HEINY; HINKF |
| 45 | Publicis Groupe SA | PUBGY; PGPEF |
| 46 | Corsa Coal Corp. | CRSXF |
| 47 | Peoples Financial Corp. | PFBX |
| 48 | Integrated Financial Holdings, Inc. | IFHI |
| 49 | GAMCO Investors, Inc. | GAMI |
| 50 | Merchants & Marine Bancorp Inc. | MNMB |
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The OTC Markets Group applied the following criteria to eligible companies trading on the OTCQX as of December 31, 2023 to determine which companies would qualify for the 2024 OTCQX Best 50:
- traded on OTCQX on December 31, 2022
- Closing share price of $0.25 or more on December 31, 2023
- Closing price of the stock on December 31, 2023, higher than on December 31, 2022
- in 2023 a trading volume of at least 500,000 US dollars
- not a “penny stock” as of December 31, 2023 within the meaning of SEC Rule 3a51-1 under the Securities Exchange Act of 1934
- Member of the OTCQX Composite Index as of December 31, 2023
View complete 2024 OTCQX Best 50 Rankings.
The OTC Markets Group reserves the discretion to remove from the ranking any company that no longer meets OTCQX market standards for transparency and wide dissemination of news and financial disclosure.
The OTCQX Best 50 is for informational purposes only. Neither OTC Markets Group Inc. nor its affiliates makes a recommendation to buy or sell any securities or makes any representations regarding the financial condition of any company. Investors should conduct their own due diligence and carefully evaluate companies before investing.
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About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates regulated markets trading over 12,000 U.S. and international securities. Our data-driven disclosure 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 critical market infrastructure that broker-dealers rely on to facilitate trading. Our innovative model offers companies more efficient access to US financial markets.
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 and member of SIPC.
To learn more about how we create better informed and more efficient markets, visit www.otcmarkets.com.
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Media contact:
OTC Markets Group Inc., +1 (212) 896-4428, [email protected]
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