In a few weeks, OTC Markets will release its OTCQX Best 50 for 2019, an annual list of the best-performing stocks on the top tier of its market over the previous 12 months.
With that in mind, we thought we’d take a look back at last year’s list to see which stocks kept up the strong performance throughout the year.
First, a couple caveats. Stocks on this list had to meet the following criteria at the end of the year to be eligible:
- Traded on OTCQX for at least one year
- Closed at $0.25 or greater
- Annual dollar volume of at least $500,000
- Not a penny stock as defined by the Securities Exchange Act of 1934
These are five of the best-performing stocks for the year from the 2018 OTCQX Best 50 list (all data is of last week's close).
1. Corvus Gold Inc CORVF
The Canadian gold miner was the 21st best-performing of the 2018 OTCQX stocks, closing up 212 percent last year at $1.31. In a year in which gold is down 4 percent, shares of CORVF are up 46 percent year-to-date to $1.93 and a new all-time high was made Oct. 8.
2. Smith-Midland Corporation SMID
The building materials company is up 11 percent year-to-date after rising 28 percent last year. Though it’s off its all-time high from January 31, it has dramatically outperformed the Dow Jones Building Materials Index, which is down 13 percent in 2018.
3. Suncrest Bank SBKK
Only nine stocks have appeared on this list two years in a row, and Suncrest is one of them (Smith-Midland is another). The regional bank is up 6 percent in 2018, and made a new all-time high in June.
4. Katahdin Bank KTHN
Shares of the Maine-based bank with nearly $800 million in assets have risen 4 percent in 2018. If the stock can hold $17 through the end of the year, it’ll be the highest yearly close since 2007.
5. Air Canada ACDVF
Canada’s largest airliner doubled in price in 2017. While the stock is red in 2018, in the second half of the year (since July 2), ACDVF has risen 24 percent to $18.99, and the stock is within earshot of its all-time high hit last October.
OTC Markets is a content partner of Benzinga
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.