Latest news for Reconnaissance Energy (OTC:RECAF) Stock

Reconnaissance Energy Africa Ltd is a junior oil and gas company engaged in the exploration and development of oil and gas in Namibia and Botswana. It holds a substantial interest in a petroleum exploration license in northeast Namibia which covers the entire Kavango sedimentary basin. The Company's operating segments are: the exploration and evaluation of its African assets; the oil and gas operations in Mexico; and the corporate segment. The Mexico segment derives its revenues solely from the production and sale of oil and natural gas from one customer.

A Quick Look At The OTC Markets' Most-Active Securities In August - Here’s What You Need to Know

Penny Stocks

Small Cap

Markets

ABML

ADDYY

BASFY

BFFAF

CSVI

DANOY

DSGT

ETCG

ETHE

FMCC

FNMA

GBTC

HEINY

HGTXU

IFNNY

IMBBY

AMERICAN LITHIUM CORP ORD by American Lithium Corp.

LIACF

NGLOY

NLST

NWBO

Fidelity NASDAQmposite Index Fund ETF-Tracking NASDAQmposite Index

ONEQ

OTCM

RECONNAISSANCE EGY AFRICA by Reconnaissance Energy Africa Ltd.

RECAF

RHHBY

SNWGF

STEK

TCNNF

TOMDF

ZURVY

While July gave markets around the world a breather, August reestablished 2022’s choppy financial conditions.

A Quick Look At The OTC Markets&#39; Most-Active Securities In August - Here&#39;s What You Need to Know

Commodities

Grayson Anderson, Head of Capital Markets at ReconAfrica (OTCMKTS: RECAF), was a guest speaker at Benzinga’s All Access on June 24th, 2022. 

ReconAfrica is a Canadian oil and gas company engaging in the exploration and development of oil and gas throughout Namibia and Botswana.

Watch the full interview

ReconAfrica Collaborates Local Governments Throughout Africa For Oil And Gas Exploration And Development

Cannabis

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

News

General

BIG BLOCKCHAIN INTELGNCE by Big Blockchain Intelligence Group Inc.

BBKCF

BNPQY

CURALEAF HLDGS INC by Curaleaf Hldgs Inc.

CURLF

CYDY

GTBIF

INVU

MIND MEDICINE MINDMED by MIND MEDICINE MINDMED INC.

MMEDF

SYSX

VYGVF

The following post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga.

These OTC Securities Had the Most Trading Activity in April

Reconnaissance Energy Africa Ltd

WIIM

Norfolk Southern shares are trading higher after the company reported better-than-expected Q2 earnings results.

Boston Beer Company shares are trading lower after the company reported worse-than-expected Q2 financial results.

RBC Capital analyst Sabahat Khan maintains Waste Connections (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WCN#NYSE">WCN</a>) with a Outperform and raises the price target from $195 to $199.

Price Target

Analyst Ratings

TSX:WCN

RBC Capital Maintains Outperform on Waste Connections, Raises Price Target to $199

BurgerFi shares are trading higher after the company announced it reached a legal settlement agreement with Lion Point Capital. The company agreed to pay $1,350,000 and issue Lion Point 300,000 of preferred stock.

Wells Fargo analyst Finian O'Shea maintains Bain Capital Specialty (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BCSF#NYSE">BCSF</a>) with a Overweight and raises the price target from $17 to $18.

BCSF

Wells Fargo Maintains Overweight on Bain Capital Specialty, Raises Price Target to $18

CLLS

Cellectis shares are trading higher after the company announced the FDA granted orphan drug and rare pediatric designation disease to UCART22.

Mohawk Industries shares are trading higher following mixed Q2 earnings. B of A Securities upgraded the stock from Underperform to Buy.

Amazon.com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) is making significant strides in artificial intelligence with its homegrown AI chips.
In its Austin, Texas, chip lab, Amazon engineers are rigorously testing a new server design that features these AI chips, aiming to reduce reliance on Nvidia Corp&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) costly chips, Reuters reports.
Amazon&#8217;s efforts align with similar initiatives by rivals Microsoft Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) and Google parent Alphabet Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>).
Also Read: <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/06/39463584/nvidia-dominates-gpu-market-as-generative-ai-adoption-grows-analyst-says" rel="noreferrer noopener">Nvidia Dominates GPU Market as Generative AI Adoption Grows, Analyst Says</a>
Rami&nbsp;Sinno, director of engineering for Amazon&#8217;s Annapurna Labs, highlighted the growing customer demand for more affordable alternatives to Nvidia. Annapurna Labs, acquired by Amazon in 2015, is integral to this development.
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="750" height="650" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/26042326/newplot-66.png" alt="" class="wp-image-458719" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/26042326/newplot-66.png 750w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/26042326/newplot-66-300x260.png 300w" sizes="(max-width: 750px) 100vw, 750px" /></figure>
Amazon has been developing its Graviton chips, which perform non-AI computing tasks, for nearly a decade. The latest AI chips, Trainium and Inferentia, offer significant cost savings.
&#8220;The offering of up to 40%, 50% in some cases of improved price and performance means it should be half as expensive as running that same model with Nvidia,&#8221; said David Brown, Vice President of Compute and Networking at AWS, according to Reuters.
Sales at AWS, which accounts for almost 20% of Amazon&#8217;s total revenue, grew by 17% to $25 billion in the January-March quarter compared to the previous year. AWS holds approximately one-third of the cloud computing market, with Microsoft&#8217;s Azure at about 25%.
Analysts view Nvidia as the <a target="_blank" href="https://www.benzinga.com/news/24/07/39842530/whats-going-on-with-nvidia-and-amd-stocks-on-thursday" rel="noreferrer noopener">primary beneficiary in</a> the AI sector. Mizuho Securities reports that Nvidia controls 70% to 95% of the market share for artificial intelligence accelerators.
The Big Tech trio—Google, Microsoft, and Amazon—along with Oracle Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>)—contribute more than 40% of Nvidia&#8217;s revenue.
Amazon stock gained over 40% in the last 12 months, reaching a market cap of $1.87 trillion. Nvidia stock surged over 147% in the last 12 months and currently has a market cap of $2.76 trillion. Investors can gain exposure to the stocks through SPDR S&amp;P 500 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and iShares Core S&amp;P 500 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IVV#NYSE">IVV</a>).
Price Action: AMZN shares traded higher by 1.47% at $182.50 premarket at the last check on Friday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo by Sundry Photography via Shutterstock

Tech

Media

AMZN

GOOG

GOOGL

MSFT

NVDA

ORCL

Amazon Tests AI Chips in Texas Lab, Aims to Cut Nvidia Costs

COUR

Coursera shares are trading higher after the company beat Q2 earnings estimates.

Wells Fargo analyst Elyse Greenspan maintains RenaissanceRe Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RNR#NYSE">RNR</a>) with a Overweight and lowers the price target from $288 to $280.

Wells Fargo Maintains Overweight on RenaissanceRe Holdings, Lowers Price Target to $280

RBC Capital analyst Matthew McKellar maintains West Fraser Timber (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WFG#NYSE">WFG</a>) with a Outperform and raises the price target from $97 to $100.

TSX:WFG

RBC Capital Maintains Outperform on West Fraser Timber, Raises Price Target to $100

Keefe, Bruyette &amp; Woods analyst Timothy Switzer reiterates Live Oak Bancshares (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LOB#NYSE">LOB</a>) with a Market Perform and raises the price target from $40 to $47.

Reiteration

Keefe, Bruyette & Woods Reiterates Market Perform on Live Oak Bancshares, Raises Price Target to $47

Norwood Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NWFL#NASDAQ">NWFL</a>) reported quarterly earnings of $0.52 per share. This is a 35.8 percent decrease over earnings of $0.81 per share from the same period last year.

Earnings

NWFL

Norwood Financial Q2 EPS $0.52 Down From $0.81 YoY

CASY

Casey's General Stores To Acquire Fikes Wholesale For $1.145B, Expanding Presence In Texas And Southern Markets; Net After-Tax Purchase Price Is $980M

Keefe, Bruyette &amp; Woods analyst Aidan Hall reiterates Lazard (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LAZ#NYSE">LAZ</a>) with a Outperform and raises the price target from $49 to $56.

Keefe, Bruyette & Woods Reiterates Outperform on Lazard, Raises Price Target to $56

Wells Fargo analyst Elyse Greenspan maintains Globe Life (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GL#NYSE">GL</a>) with a Overweight and raises the price target from $105 to $108.

Wells Fargo Maintains Overweight on Globe Life, Raises Price Target to $108

Alibaba Group Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) and Tencent Holdings have quickly integrated Meta Platforms Inc&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) latest artificial intelligence (AI) model Llama 3.1 into their cloud services.
Alibaba Cloud, the e-commerce giant&#8217;s online computing platform, was among the first to include the latest open-source Llama family of large language models (LLMs), SCMP <a target="_blank" href="https://www.scmp.com/tech/tech-trends/article/3271858/ai-race-alibaba-tencent-quickly-adopt-metas-new-llama-31-model-amid-excitement" rel="noreferrer noopener">reports</a>.
This technology underpins generative AI products like ChatGPT.
Also Read: <a target="_blank" href="https://www.benzinga.com/government/24/07/39901098/apple-and-micron-leaders-visit-beijing-as-us-intensify-advanced-semiconductor-sanctions-report" rel="noreferrer noopener">Apple and Micron Leaders Visit Beijing As US Intensify Advanced Semiconductor Sanctions: Report</a>
Alibaba announced the integration on Tuesday, offering one month of free computing resources for training and inferencing tasks with Llama 3.1.
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="750" height="650" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/26032748/newplot-65.png" alt="" class="wp-image-458659" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/26032748/newplot-65.png 750w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/26032748/newplot-65-300x260.png 300w" sizes="(max-width: 750px) 100vw, 750px" /></figure>
Tencent soon followed with its announcement on the same day. Llama 3.1 is now available on Tencent&#8217;s cloud platform, featuring fine-tuning and inferencing tweaks to ensure the models&#8217; usability in intelligent conversation, text generation, and writing tasks.
Meta has positioned Llama 3.1 as a powerful alternative to leading closed-source models like OpenAI&#8217;s GPT-4.
U.S.-China geopolitical relations became strained following the Western counterpart&#8217;s <a target="_blank" href="https://www.benzinga.com/news/24/07/39938971/chip-stocks-nvidia-amd-and-others-see-more-selloff-on-wednesday-whats-going-on" rel="noreferrer noopener">advanced semiconductor sanctions</a> on the Asian counterpart, which included limiting AI chip access from the likes of Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) and peers.
<a target="_blank" href="https://www.benzinga.com/government/24/04/38140039/us-embargo-on-nvidia-stings-hard-chinas-ai-development-lags-peers-alibabas-joe-tsai-reveals" rel="noreferrer noopener">A prior report quoted</a> Alibaba co-founder and chairman Joe Tsai acknowledging China&#8217;s lagging position in the&nbsp;AI development race, with Washington&#8217;s embargo taking a toll on their AI ambitions.&nbsp;
Alibaba stock has lost over 22% in the last 12 months as it strives to accomplish its AI ambitions amid a weak domestic economy crippled with intense rivalry.
Price Action: BABA shares closed lower by 0.25% at $75.21 premarket at the last check on Friday.
Also Read: <a target="_blank" href="https://www.benzinga.com/government/24/07/39968313/nio-xpeng-li-auto-benefit-from-chinas-increased-vehicle-subsidies" rel="noreferrer noopener">Nio, XPeng, Li Auto Benefit From China&#8217;s Increased Vehicle Subsidies</a>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo by Fooksou Lamimo via Wikimedia Commons

BABA

Alibaba And Tencent Lap Up Meta's AI Large Language Model

Keefe, Bruyette &amp; Woods analyst Timothy Switzer maintains First Internet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INBK#NASDAQ">INBK</a>) with a Market Perform and raises the price target from $36 to $42.

INBK

Keefe, Bruyette & Woods Maintains Market Perform on First Internet, Raises Price Target to $42

Wells Fargo analyst Elyse Greenspan maintains Willis Towers Watson (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WTW#NASDAQ">WTW</a>) with a Overweight and raises the price target from $318 to $321.

Wells Fargo Maintains Overweight on Willis Towers Watson, Raises Price Target to $321

RBC Capital analyst Michael Harvey reiterates Whitecap Res (TSX:<a class="ticker" href="https://www.benzinga.com/stock/WCP#TSX">WCP</a>) with a Outperform and maintains C$14 price target.

TSX:WCP

RBC Capital Reiterates Outperform on Whitecap Res, Maintains C$14 Price Target

Reconnaissance Energy Africa Ltd. (TSE:RECO) has released an update. Reconnaissance Energy Africa Ltd. is advancing its oil and natural gas explora...

ReconAfrica Ramps Up Namibia Drilling Operations

Reconnaissance Energy Africa (TSE:RECO) has released an update. Reconnaissance Energy Africa Ltd. is gearing up for an exciting period with the ant...

ReconAfrica Prepares for Namibia Drilling Milestone

Reconnaissance Energy Africa: Great Expectations Around The New Exploration Well And JV Discussions

Reconnaissance Energy Africa (TSE:RECO) has released an update. Reconnaissance Energy Africa has announced significant changes to its Board of Dire...

ReconAfrica Revamps Board Ahead of Drilling Campaign

Reconnaissance Energy Africa (TSE:RECO) has released an update. Reconnaissance Energy Africa Ltd. is gearing up for the drilling of the Naingopo we...

ReconAfrica Readies for Major Drilling Operation

Reconnaissance Energy Africa (TSE:RECO) has released an update. Reconnaissance Energy Africa Ltd. has issued 5.8 million stock options to its direc...

ReconAfrica Grants Stock Options, Emphasizes Sustainability

Reconnaissance Energy Africa (TSE:RECO) has released an update. Reconnaissance Energy Africa Ltd. has successfully completed preparatory logistics ...

ReconAfrica Prepares for Namibian Drilling Venture

Reconnaissance Energy Africa (TSE:RECO) has released an update. Reconnaissance Energy Africa Ltd. and its partner NAMCOR have begun drilling the Na...

ReconAfrica Starts Key Namibia Well Drilling

Reconnaissance Energy Africa (TSE:RECO) has released an update. Reconnaissance Energy Africa Ltd. has formed a strategic partnership with BW Energy...

ReconAfrica Partners with BW Energy for Namibia Exploration

Reconnaissance Energy Africa (TSE:RECO) has released an update. Reconnaissance Energy Africa Ltd. has engaged in a C$35 million public offering, wi...

ReconAfrica Gears Up for Exploration with C$35M Offering

Press Releases

RECONAFRICA ANNOUNCES STOCK OPTION GRANT

The 29th Annual EnerCom Denver - The Energy Investment Conference to Host The Energy Transition and Emerging Technology Session Featuring Start-Up Energy and Technology Companies

RECONAFRICA ANNOUNCES AN OPERATIONS UPDATE AND JOINT VENTURE UPDATE

RECONAFRICA ANNOUNCES THE SPUD OF THE NAINGOPO EXPLORATION WELL, JOINT VENTURE UPDATE AND WARRANT EXERCISE UPDATE

Financing

ReconAfrica Announces a Strategic Partnership with BW Energy to Explore Onshore Namibia and Concurrent C$35 Million Overnight Marketed Offering, Led by C$22 Million Strategic Investment from BW Energy

Presentation Times and Schedule for Participating Companies Now Posted on the Conference Website for 29th Annual EnerCom Denver - The Energy Investment Conference

ReconAfrica Announces C$35 Million Underwritten Offering

AMPY

CIVI

DNOW

GPRK

GRNT

LBRT

LITSF

NCSM

PARXF

RNGR

SERV

TSX:AOI

TSX:BTE

TSX:CFW

TSX:GTE

TSX:HME

TSX:KEL

TSX:NVA

TSX:PNE

TSX:PSD

TSX:PSI

TSX:RNGR

TSX:TAL

TSX:TNZ

TSXV:HME

TSXV:LCX

TSXV:RECO

TSXV:TAL

WTTR

ZPHRF

Reconnaissance Energy

While July gave markets around the world a breather, August reestablished 2022&rsquo;s choppy financial conditions.

The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) declined by 4.08% in August, its fifth month of decline in 2022. The Fidelity NASDAQ Composite Index ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ONEQ#NASDAQ">ONEQ</a>) and the SPDR Dow Jones Industrial Average ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>) mirrored this downward trend, showing monthly decreases of 4.59% and 3.96%, respectively, in August.

Given the possibility &mdash; some think <a href="https://tradingeconomics.com/united-states/interest-rate">probability</a> &mdash; that the Federal Reserve will hike rates yet again in September, and the fact that global economies are <a href="https://blogs.imf.org/2022/07/26/global-economic-growth-slows-amid-gloomy-and-more-uncertain-outlook/#:~:text=Inflation%20this%20year%20is%20anticipated,projected%20to%20remain%20elevated%20longer.">experiencing</a> growing inflationary pressures, investor sentiment appears to have altered course in August when compared to July. While some warn that the U.S. may be heading into a <a href="https://www.bnnbloomberg.ca/long-moderate-and-painful-what-next-us-recession-may-look-like-1.1787303">prolonged</a> recession, others report that recent macroeconomic data &mdash; like a 3.7% <a href="https://www.marketwatch.com/economy-politics/calendar">unemployment</a> rate &mdash; do not support this argument.

Even as ambiguity surrounds the market&rsquo;s future movements, OTC Markets Group Inc.&rsquo;s (OTCQX:<a class="ticker" href="https://www.benzinga.com/stock/OTCM#OTCQX">OTCM</a>) regulated markets experienced a slight increase in total monthly volume in August, recording $39.3 billion in trades for the month compared to $37.3 billion in July. Additionally, two Ethereum-based securities found themselves in improved positions on the OTCQX Best Market&rsquo;s Most Active list.&nbsp;

Finally, a number of new securities have emerged on the OTCQX Best Market and OTCQB Venture Market, which could potentially be of interest to investors despite the relatively bearish sentiment experienced throughout the month and year so far. Both the OTCQX Best Market and the OTCQB Venture Market maintained a significant international presence in August, with over half of the top most-traded securities across both markets being composed of international operators.

<h3>A Dive Into The OTCQX Best Market&rsquo;s Most-Active List</h3>

The OTCQX Best Market recorded $7 billion in trades in August, a figure that has been relatively unchanged since July.&nbsp;

Grayscale Ethereum Trust (OTCQX:<a class="ticker" href="https://www.benzinga.com/stock/ETHE#OTCQX">ETHE</a>) rose to the top of OTCQX Best Market&rsquo;s most-active list, while steadfast performers Roche Holding AG (OTCQX:<a class="ticker" href="https://www.benzinga.com/stock/RHHBY#OTCQX">RHHBY</a>) and Grayscale Bitcoin Trust (OTCQX:<a class="ticker" href="https://www.benzinga.com/stock/GBTC#OTCQX">GBTC</a>) slotted in as the second and third most-traded securities.&nbsp;

Additionally, OTCQX&rsquo;s top 10 most-active securities experienced a slight reshuffle in August, welcoming Imperial Brands PLC (OTCQX:<a class="ticker" href="https://www.benzinga.com/stock/IMBBY#OTCQX">IMBBY</a>), a multinational tobacco company, and Computer Services Inc. (OTCQX:<a class="ticker" href="https://www.benzinga.com/stock/CSVI#OTCQX">CSVI</a>). The two displace Danone S.A. (OTCQX:<a class="ticker" href="https://www.benzinga.com/stock/DANOY#OTCQX">DANOY</a>) and Zurich Insurance Group Ltd. (OTCQX:<a class="ticker" href="https://www.benzinga.com/stock/ZURVY#OTCQX">ZURVY</a>), two usuals in the OTCQX&rsquo;s Top 10 Most Active list.

Despite poor market conditions around the globe, the OTCQX Best Market has managed to maintain its hold on a number of industries, as demonstrated by the constituents of its Most Active list. Below are some of the companies on the list along with their relevant specialties:&nbsp;

<ul>
	<li>Infineon Technologies AG (OTCQX:<a class="ticker" href="https://www.benzinga.com/stock/IFNNY#OTCQX">IFNNY</a>): Semiconductor solutions.</li>
	<li>BASF SE (OTCQX:<a class="ticker" href="https://www.benzinga.com/stock/BASFY#OTCQX">BASFY</a>) (OTCQX:<a class="ticker" href="https://www.benzinga.com/stock/BFFAF#OTCQX">BFFAF</a>): Chemical manufacturing.&nbsp;</li>
	<li>Grayscale Bitcoin Trust (OTCQX:<a class="ticker" href="https://www.benzinga.com/stock/GBTC#OTCQX">GBTC</a>): Digital currency investment product</li>
	<li>Trulieve Cannabis Corp. (OTCQX:<a class="ticker" href="https://www.benzinga.com/stock/TCNNF#OTCQX">TCNNF</a>): Cannabis sales and cultivation.</li>
	<li>Heineken N.V. (OTCQX:<a class="ticker" href="https://www.benzinga.com/stock/HEINY#OTCQX">HEINY</a>): Alcohol manufacturing and distribution.</li>
</ul>

Of the 30 securities on the Most Active list, 22 were international operators. Some of these were new faces like the United Kingdom&rsquo;s Imperial Brands and Canada&rsquo;s Reconnaissance Energy Africa Ltd. (OTCQX:<a class="ticker" href="https://www.benzinga.com/stock/RECAF#OTCQX">RECAF</a>), while some regulars like Germany&rsquo;s Adidas AG (OTCQX:<a class="ticker" href="https://www.benzinga.com/stock/ADDYY#OTCQX">ADDYY</a>) and the United Kingdom&rsquo;s Anglo American PLC (OTCQX:<a class="ticker" href="https://www.benzinga.com/stock/NGLOY#OTCQX">NGLOY</a>) were also present.

Other notable volume movers:

<ul>
	<li>Grayscale Ethereum Classic Trust (OTCQX:<a class="ticker" href="https://www.benzinga.com/stock/ETCG#OTCQX">ETCG</a>) claimed the 23rd spot on the OTCQX&rsquo;s Most Active list, experiencing a 112% increase in trading volume.</li>
</ul>

<h3>The OTCQB Venture Market Experiences A Reshuffle In August</h3>

The OTCQB Venture Market recorded $601 million in trades in August, an increase from July&rsquo;s $463 million figure.

Like the OTCQX Best Market, the OTCQB Venture Market&rsquo;s Top 10 Most Active list saw two new entries. Specifically, American Lithium Corp. (OTCQB:<a class="ticker" href="https://www.benzinga.com/stock/LIACF#OTCQB">LIACF</a>) and Todos Medical Ltd. (OTCQB:<a class="ticker" href="https://www.benzinga.com/stock/TOMDF#OTCQB">TOMDF</a>) made their way into the top 10.

Similar to July, the OTCQB Venture Market witnessed a number of novelties in August. In addition to two new companies on the Top 10 Most Active list, the second, third and fourth most-active securities also changed. Computer memory subsystems specialist Netlist Inc. (OTCQB:<a class="ticker" href="https://www.benzinga.com/stock/NLST#OTCQB">NLST</a>), mortgage financiers Federal Home Loan Mortgage Corp. (Freddie Mac) (OTCQB:<a class="ticker" href="https://www.benzinga.com/stock/FMCC#OTCQB">FMCC</a>), and Federal National Mortgage Association (Fannie Mae) (OTCQB:<a class="ticker" href="https://www.benzinga.com/stock/FNMA#OTCQB">FNMA</a>) made way for Stemtech Corp. (OTCQB:<a class="ticker" href="https://www.benzinga.com/stock/STEK#OTCQB">STEK</a>), Northwest Biotherapeutics Inc. (OTCQB:<a class="ticker" href="https://www.benzinga.com/stock/NWBO#OTCQB">NWBO</a>) and American Battery Technology Co. (OTCQB:<a class="ticker" href="https://www.benzinga.com/stock/ABML#OTCQB">ABML</a>).&nbsp;

Thirteen international securities landed a spot on the OTCQB Venture Market&rsquo;s Most Active list. Of these, four are Australian, six are Canadian, one is Israeli, one is South African and one is from Hong Kong.&nbsp;

Other notable movers:&nbsp;

<ul>
	<li>Snowline Gold Corp. (OTCQB:<a class="ticker" href="https://www.benzinga.com/stock/SNWGF#OTCQB">SNWGF</a>) climbed to 12th place on the Most Active list and recorded an $8.6 million rise in trading volume compared to last month.</li>
	<li>Hugoton Royalty Trust (OTCQB:<a class="ticker" href="https://www.benzinga.com/stock/HGTXU#OTCQB">HGTXU</a>) climbed to 13th place in the Most Active list and recorded an $8.5 million rise in trading volume compared to last month.</li>
	<li>DSG Global Inc. (OTCQB:<a class="ticker" href="https://www.benzinga.com/stock/DSGT#OTCQB">DSGT</a>) climbed to 17th place on the Most Active list and recorded a $5.5 million rise in trading volume compared to last month.</li>
</ul>

The OTCQX And OTCQB Top 10

Below are the top 10 most actively traded securities on the OTCQX Best Market and OTCQB Venture Market in August.&nbsp;

OTCQX Top 10:&nbsp;

<table>
	<tbody>
		<tr>
			<td>
			Company Name
			</td>
			<td>
			Symbol
			</td>
			<td>
			August Dollar Volume
			</td>
		</tr>
		<tr>
			<td>
			Grayscale Ethereum Trust (ETH)
			</td>
			<td>
			<a href="http://www.otcmarkets.com/stock/ETHE/quote">ETHE</a>
			</td>
			<td>
			$1,114,134,926
			</td>
		</tr>
		<tr>
			<td>
			Roche Holding Ltd.
			</td>
			<td>
			<a href="http://www.otcmarkets.com/stock/RHHBY/quote">RHHBY</a>
			</td>
			<td>
			$935,026,316
			</td>
		</tr>
		<tr>
			<td>
			Grayscale Bitcoin Trust (BTC)
			</td>
			<td>
			<a href="http://www.otcmarkets.com/stock/GBTC/quote">GBTC</a>
			</td>
			<td>
			$921,411,988
			</td>
		</tr>
		<tr>
			<td>
			adidas AG
			</td>
			<td>
			<a href="http://www.otcmarkets.com/stock/ADDYY/quote">ADDYY</a>
			</td>
			<td>
			$302,833,956
			</td>
		</tr>
		<tr>
			<td>
			Computer Services Inc.
			</td>
			<td>
			<a href="http://www.otcmarkets.com/stock/CSVI/quote">CSVI</a>
			</td>
			<td>
			$292,875,479
			</td>
		</tr>
		<tr>
			<td>
			BNP Paribas
			</td>
			<td>
			<a href="http://www.otcmarkets.com/stock/BNPQY/quote">BNPQY</a>
			</td>
			<td>
			$291,431,930
			</td>
		</tr>
		<tr>
			<td>
			Anglo American plc
			</td>
			<td>
			<a href="https://www.otcmarkets.com/stock/NGLOY/quote">NGLOY</a>
			</td>
			<td>
			$195,164,216
			</td>
		</tr>
		<tr>
			<td>
			Infineon Technologies AG&nbsp;
			</td>
			<td>
			<a href="http://www.otcmarkets.com/stock/IFNNY/quote">IFNNY</a>
			</td>
			<td>
			$168,045,608
			</td>
		</tr>
		<tr>
			<td>
			Imperial Brands PLC
			</td>
			<td>
			<a href="http://www.otcmarkets.com/stock/IMBBY/quote">IMBBY</a>
			</td>
			<td>
			$167,522,020
			</td>
		</tr>
		<tr>
			<td>
			BASF SE
			</td>
			<td>
			<a href="https://www.otcmarkets.com/stock/BASFY/quote">BASFY</a>
			</td>
			<td>
			$153,897,600
			</td>
		</tr>
	</tbody>
</table>

OTCQB Top 10:&nbsp;

<table>
	<tbody>
		<tr>
			<td>
			Company Name
			</td>
			<td>
			Symbol
			</td>
			<td>
			August Dollar Volume
			</td>
		</tr>
		<tr>
			<td>
			CytoDyn Inc.
			</td>
			<td>
			<a href="http://www.otcmarkets.com/stock/CYDY/quote">CYDY</a>
			</td>
			<td>
			$64,363,191
			</td>
		</tr>
		<tr>
			<td>
			Stemtech Corp.
			</td>
			<td>
			<a href="https://www.otcmarkets.com/stock/STEK/quote">STEK</a>
			</td>
			<td>
			$49,237,636
			</td>
		</tr>
		<tr>
			<td>
			Northwest Biotherapeutics Inc.
			</td>
			<td>
			<a href="http://www.otcmarkets.com/stock/NWBO/quote">NWBO</a>
			</td>
			<td>
			$25,610,301
			</td>
		</tr>
		<tr>
			<td>
			American Battery Technology Co.
			</td>
			<td>
			<a href="http://www.otcmarkets.com/stock/ABML/quote">ABML</a>
			</td>
			<td>
			$21,298,838
			</td>
		</tr>
		<tr>
			<td>
			Netlist Inc.
			</td>
			<td>
			<a href="http://www.otcmarkets.com/stock/NLST/quote">NLST</a>
			</td>
			<td>
			$17,770,131
			</td>
		</tr>
		<tr>
			<td>
			Fannie Mae&nbsp;
			</td>
			<td>
			<a href="http://www.otcmarkets.com/stock/FNMA/quote">FNMA</a>
			</td>
			<td>
			$17,430,475
			</td>
		</tr>
		<tr>
			<td>
			Lake Resources N.L.&nbsp;
			</td>
			<td>
			<a href="http://www.otcmarkets.com/stock/LLKKF/quote">LLKKF</a>
			</td>
			<td>
			$14,688,357
			</td>
		</tr>
		<tr>
			<td>
			American Lithium Corp.
			</td>
			<td>
			<a href="http://www.otcmarkets.com/stock/LIACF/quote">LIACF</a>
			</td>
			<td>
			$14,031,588
			</td>
		</tr>
		<tr>
			<td>
			Freddie Mac&nbsp;
			</td>
			<td>
			<a href="https://www.otcmarkets.com/stock/FMCC/quote">FMCC</a>
			</td>
			<td>
			$13,769,993
			</td>
		</tr>
		<tr>
			<td>
			Todos Medical Ltd.
			</td>
			<td>
			<a href="http://www.otcmarkets.com/stock/TOMDF/quote">TOMDF</a>
			</td>
			<td>
			$13,610,935
			</td>
		</tr>
	</tbody>
</table>

This post contains sponsored advertising content. This content is for informational purposes only and is not intended to be investing advice.

Featured photo by Annie Spratt on <a href="https://unsplash.com/photos/hWJsOnaWTqs">Unsplash</a>

A Quick Look At The OTC Markets' Most-Active Securities In August - Here's What You Need to Know

Grayson Anderson, Head of Capital Markets at ReconAfrica (OTC:<a class="ticker" href="https://www.benzinga.com/stock/RECAF#OTC">RECAF</a>), was a guest speaker at Benzinga&rsquo;s All Access on June 24th, 2022.&nbsp;

ReconAfrica is a Canadian oil and gas company engaging in the exploration and development of oil and gas throughout Namibia and Botswana.

Watch the full interview

<iframe height="314" src="//www.youtube.com/embed/37SjhXQXi5E" width="560"></iframe>

 
Feature photo from: <a href="https://unsplash.com/photos/qafbp6O0Rr0">Unsplash</a>

The following post was written and/or published as a collaboration between Benzinga&rsquo;s in-house sponsored content team and a financial partner of Benzinga.

April was another fascinating month in <a href="https://www.otcmarkets.com/learn/market-101">OTC Markets trading</a>, as cryptocurrency, international and cannabis securities continued to receive the majority of trading volumes.

The Grayscale Bitcoin Trust (OTCQX:<a class="ticker" href="https://www.benzinga.com/stock/GBTC#OTCQX">GBTC</a>) continued to see the most dollar volume at $8.7 billion in April, even amid a sharp pullback in the price of Bitcoin (BTC).

Ethereum (ETH) Rising

The Grayscale Ethereum Trust (OTCQX:<a class="ticker" href="https://www.benzinga.com/stock/ETHE#OTCQX">ETHE</a>) took the No. 2 spot with $3.4 billion in April dollar volume, confirming that the cryptocurrency craze is not going anywhere anytime soon. With a 112% increase in volume, this security mirrors the price of Ethereum (ETH) garnered a lot of attention as its corresponding cryptocurrency broke out to new record highs in April.

The Grayscale Ethereum Classic Trust (OTCQX:<a class="ticker" href="https://www.benzinga.com/stock/ETCG#OTCQX">ETCG</a>) also saw a heavy uptick in volume thanks to strong performance from Ethereum (ETH), with a 283% change in April dollar volume

Join the upcoming <a href="https://www.virtualinvestorconferences.com/events/event-details/cryptodigital-currency-virtual-investor-conference?utm_source=Benzinga&amp;utm_medium=Article&amp;utm_campaign=052021CryptoVIC">Crypto &amp; Digital Currency Virtual Investor Conference</a> for more information.

International Securities on the Uptick&nbsp;

Several international names saw substantial trading activity during April, including Switzerland-based Roche Holding Ltd (OTCQX:<a class="ticker" href="https://www.benzinga.com/stock/RHHBY#OTCQX">RHHBY</a>) and Canada-based BIGG Digital Assets Inc. (OTCQX:<a class="ticker" href="https://www.benzinga.com/stock/BBKCF#OTCQX">BBKCF</a>), with the latter seeing an 83% increase in volume.

Other standouts included French bank BNP Paribas (OTCQX:<a class="ticker" href="https://www.benzinga.com/stock/BNPQY#OTCQX">BNPQY</a>) and Reconnaissance Energy Africa Ltd (OTCQX:<a class="ticker" href="https://www.benzinga.com/stock/RECAF#OTCQX">RECAF</a>), up 28% and 320% in dollar volume, respectively.

Cannabis Securities Still Attracting Attention

Cannabis securities are still seeing strong volume amid continued optimism surrounding widespread legalization, with Trulieve Cannabis Corporation (OTCQX:<a class="ticker" href="https://www.benzinga.com/stock/TCNNF#OTCQX">TCNNF</a>), Green Thumb Industries Inc. (OTCQX:<a class="ticker" href="https://www.benzinga.com/stock/GTBIF#OTCQX">GTBIF</a>) and Curaleaf Hldngs Inc. (OTCQX:<a class="ticker" href="https://www.benzinga.com/stock/CURLF#OTCQX">CURLF</a>) all making the top 10 in terms of April dollar volume.

OTCQB

In the OTCQB Venture Market, Voyager Digital Ltd. (OTCQB:<a class="ticker" href="https://www.benzinga.com/stock/VYGVF#OTCQB">VYGVF</a>) took the top spot yet again with $721 million in volume. The company is experiencing sharp growth thanks to its commission-free crypto trading platform and attractive interest rates offered to users.

Just outside the top 10 in OTCQB Venture Market trading volume was Sysorex Inc. (OTCQB:<a class="ticker" href="https://www.benzinga.com/stock/SYSX#OTCQB">SYSX</a>), which saw its volume increase in April thanks to a reverse merger announcement with the largest Ethereum (ETH) mining company.

Other standouts in the OTCQB Market include CytoDyn Inc. (OTCQB:<a class="ticker" href="https://www.benzinga.com/stock/CYDY#OTCQB">CYDY</a>), MIND MEDICINE MINDMED INC. (OTCQB:<a class="ticker" href="https://www.benzinga.com/stock/MMEDF#OTCQB">MMEDF</a>), Fannie Mae (OTCQB:<a class="ticker" href="https://www.benzinga.com/stock/FNMA#OTCQB">FNMA</a>), American Battery Metals Corporation (OTCQB:<a class="ticker" href="https://www.benzinga.com/stock/ABML#OTCQB">ABML</a>), Investview Inc. (OTCQB:<a class="ticker" href="https://www.benzinga.com/stock/INVU#OTCQB">INVU</a>), Alpine 4 Holdings Inc. (OTCQB:<a class="ticker" href="https://www.benzinga.com/stock/INVU#OTCQB">INVU</a>), Freddie Mac (OTCQB:<a class="ticker" href="https://www.benzinga.com/stock/FMCC#OTCQB">FMCC</a>) and Netlist, Inc (OTCQB:<a class="ticker" href="https://www.benzinga.com/stock/NLST#OTCQB">NLST</a>).

Below are the 10 most actively traded securities on the OTCQX and OTCQB markets in April:

OTCQX&nbsp;

<table>
	<tbody>
		<tr>
			<td>
			Company Name
			</td>
			<td>
			Symbol
			</td>
			<td>
			Country
			</td>
			<td>
			April

			Dollar Volume
			</td>
		</tr>
		<tr>
			<td>
			Grayscale Bitcoin Trust (BTC)
			</td>
			<td>
			<a href="http://www.otcmarkets.com/stock/GBTC/quote">GBTC</a>
			</td>
			<td>
			USA
			</td>
			<td>
			$8,729,447,038
			</td>
		</tr>
		<tr>
			<td>
			Grayscale Ethereum Trust (ETH)
			</td>
			<td>
			<a href="http://www.otcmarkets.com/stock/ETHE/quote">ETHE</a>
			</td>
			<td>
			USA
			</td>
			<td>
			$3,437,918,552
			</td>
		</tr>
		<tr>
			<td>
			Roche Holding Ltd
			</td>
			<td>
			<a href="http://www.otcmarkets.com/stock/RHHBY/quote">RHHBY</a>
			</td>
			<td>
			Switzerland
			</td>
			<td>
			$1,076,913,301
			</td>
		</tr>
		<tr>
			<td>
			BIGG Digital Assets Inc.
			</td>
			<td>
			<a href="http://www.otcmarkets.com/stock/BBKCF/quote">BBKCF</a>
			</td>
			<td>
			Canada
			</td>
			<td>
			$357,736,468
			</td>
		</tr>
		<tr>
			<td>
			Trulieve Cannabis Corporation
			</td>
			<td>
			<a href="http://www.otcmarkets.com/stock/TCNNF/quote">TCNNF</a>
			</td>
			<td>
			USA
			</td>
			<td>
			$351,537,253
			</td>
		</tr>
		<tr>
			<td>
			Grayscale Ethereum Classic Trust (ETC)
			</td>
			<td>
			<a href="http://www.otcmarkets.com/stock/ETCG/quote">ETCG</a>
			</td>
			<td>
			USA
			</td>
			<td>
			$295,399,687
			</td>
		</tr>
		<tr>
			<td>
			BNP Paribas
			</td>
			<td>
			<a href="http://www.otcmarkets.com/stock/BNPQY/quote">BNPQY</a>
			</td>
			<td>
			France
			</td>
			<td>
			$276,927,396
			</td>
		</tr>
		<tr>
			<td>
			Green Thumb Industries Inc.
			</td>
			<td>
			<a href="http://www.otcmarkets.com/stock/GTBIF/quote">GTBIF</a>
			</td>
			<td>
			USA
			</td>
			<td>
			$276,380,450
			</td>
		</tr>
		<tr>
			<td>
			Curaleaf Hldgs Inc.
			</td>
			<td>
			<a href="http://www.otcmarkets.com/stock/CURLF/quote">CURLF</a>
			</td>
			<td>
			USA
			</td>
			<td>
			$213,317,371
			</td>
		</tr>
		<tr>
			<td>
			HIVE Blockchain Technologies Ltd.
			</td>
			<td>
			<a href="http://www.otcmarkets.com/stock/HVBTF/quote">HVBTF</a>
			</td>
			<td>
			Canada
			</td>
			<td>
			$199,931,316
			</td>
		</tr>
	</tbody>
</table>

&nbsp;

OTCQB

&nbsp;

<table>
	<tbody>
		<tr>
			<td>
			Company Name
			</td>
			<td>
			Symbol
			</td>
			<td>
			Market Place
			</td>
			<td>
			Country
			</td>
			<td>
			April

			Dollar Volume
			</td>
		</tr>
		<tr>
			<td>
			Voyager Digital Ltd.
			</td>
			<td>
			<a href="http://www.otcmarkets.com/stock/VYGVF/quote">VYGVF</a>
			</td>
			<td>
			OTCQB
			</td>
			<td>
			USA
			</td>
			<td>
			$721,326,226
			</td>
		</tr>
		<tr>
			<td>
			CytoDyn Inc.
			</td>
			<td>
			<a href="http://www.otcmarkets.com/stock/CYDY/quote">CYDY</a>
			</td>
			<td>
			OTCQB
			</td>
			<td>
			USA
			</td>
			<td>
			$232,054,485
			</td>
		</tr>
		<tr>
			<td>
			MIND MEDICINE MINDMED INC.
			</td>
			<td>
			<a href="http://www.otcmarkets.com/stock/MMEDF/quote">MMEDF</a>
			</td>
			<td>
			OTCQB
			</td>
			<td>
			Canada
			</td>
			<td>
			$194,444,755
			</td>
		</tr>
		<tr>
			<td>
			Fannie Mae
			</td>
			<td>
			<a href="http://www.otcmarkets.com/stock/FNMA/quote">FNMA</a>
			</td>
			<td>
			OTCQB
			</td>
			<td>
			USA
			</td>
			<td>
			$181,115,051
			</td>
		</tr>
		<tr>
			<td>
			American Battery Metals Corporation
			</td>
			<td>
			<a href="http://www.otcmarkets.com/stock/ABML/quote">ABML</a>
			</td>
			<td>
			OTCQB
			</td>
			<td>
			USA
			</td>
			<td>
			$136,848,501
			</td>
		</tr>
		<tr>
			<td>
			Investview Inc.
			</td>
			<td>
			<a href="http://www.otcmarkets.com/stock/INVU/quote">INVU</a>
			</td>
			<td>
			OTCQB
			</td>
			<td>
			USA
			</td>
			<td>
			$111,170,847
			</td>
		</tr>
		<tr>
			<td>
			Alpine 4 Holdings Inc.
			</td>
			<td>
			<a href="http://www.otcmarkets.com/stock/ALPP/quote">ALPP</a>
			</td>
			<td>
			OTCQB
			</td>
			<td>
			USA
			</td>
			<td>
			$108,630,613
			</td>
		</tr>
		<tr>
			<td>
			Freddie Mac
			</td>
			<td>
			<a href="http://www.otcmarkets.com/stock/FMCC/quote">FMCC</a>
			</td>
			<td>
			OTCQB
			</td>
			<td>
			USA
			</td>
			<td>
			$91,643,995
			</td>
		</tr>
		<tr>
			<td>
			Netlist, Inc.
			</td>
			<td>
			<a href="http://www.otcmarkets.com/stock/NLST/quote">NLST</a>
			</td>
			<td>
			OTCQB
			</td>
			<td>
			USA
			</td>
			<td>
			$90,169,545
			</td>
		</tr>
		<tr>
			<td>
			Sysorex Inc.
			</td>
			<td>
			<a href="http://www.otcmarkets.com/stock/SYSX/quote">SYSX</a>
			</td>
			<td>
			OTCQB
			</td>
			<td>
			USA
			</td>
			<td>
			$61,640,808
			</td>
		</tr>
	</tbody>
</table>

The preceding post was written and/or published as a collaboration between Benzinga&rsquo;s in-house sponsored content team and a financial partner of Benzinga. Although the piece is not and should not be construed as editorial content, the sponsored content team works to ensure that any and all information contained within is true and accurate to the best of their knowledge and research. This content is for informational purposes only and not intended to be investing advice.

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