OTC Market Group's Most Active List In November: A Dive Into The Names Experiencing Volume Changes

The SPDR S&P 500 ETF Trust SPY increased by 5.56% in November, recording two subsequent monthly increases for the first time in 2022. The Fidelity NASDAQ Composite Index ETF ONEQ and the SPDR Dow Jones Industrial Average (DJA) ETF DIA mirrored this upward trend, showing monthly increases in October of 4.43% and 5.72%, respectively. 

On November 2nd, the Federal Reserve hiked its key interest rate by 75 basis points, a figure congruent with expectations. The market dropped 2.51% on the day the news was released but closed roughly 6% higher than the day’s close at the end of the month. While the Federal Reserve Chair Jerome Powell has not yet decreed a slow-down in interest rate hikes, Powell said a rate-hike slowdown is possible in December. The comment, issued on Nov. 30, caused the SPDR S&P500 ETF Trust to rise by 3.15%. 

In the meantime, OTC Markets Group Inc.’s OTCM markets maintained the total monthly volume from last month, recording $36.3 million in November. The regulated markets also saw a number of new entrants in both the OTCQX Best Market and OTCQB Venture Market.

A Dive Into The OTCQX Best Market’s Most-Active List

The OTCQX Best Market recorded $6.7 billion in trading volume in November, a figure which has remained unchanged from October. 

The top three companies on OTCQX’s Most-Active list experienced a slight reshuffle in November. Volume surged into crypto-centric securities Grayscale Bitcoin Trust GBTC and Grayscale Ethereum Trust ETHE. The former doubled its trading volume in November, propelling it into first place on OTCQX’s Most-Active list. Roche Holding AG RHHBY is now nestled between the two crypto giants on the list, securing second place. 

The remaining constituents in OTCQX’s top 10 Most-Active securities experienced a slight reshuffle in November, welcoming Zurich Insurance Group ZURVY and Danone DANOY in place of Royal DSM NV and Anglo American plc AAUKF respectively. 

Other notable movers:

• ASM International N.V. ASMIY claimed the 17th spot on OTCQX’s Most Active list, experiencing a 98% increase in trading volume.

• JBS S.A. JBSAY claimed the 27th spot on OTCQX’s Most Active list, experiencing a 94% increase in trading volume. 

• Bombardier Inc. BDRBF claimed the 28th spot on OTCQX’s Most Active list, experiencing a 203% increase in trading volume.

The OTCQB Venture Market: New Faces 

The OTCQB Venture Market recorded $652.4 million in trading volume in November, a slight decrease from the $739 million recorded in October. 

Like the OTCQX Best Market, the OTCQB Venture Market’s top 10 Most Active list for the month saw new entries. Specifically, CytoDyn Inc. CYDY, GPO PLUS INC. GPOX and Evofem Biosciences Inc. EVFM made way for Vision Energy Corporation VIHDD, Atlas Lithium Corporation ATLX and Clean Vision Corporation CLNV

The three new securities address different market segments. Vision Energy Corporation, for example, specializes in building hydrogen production facilities, while Evofem Biosciences is working on a hormone-free contraceptive for women. Atlas Lithium, as its name suggests, is a mineral exploration company with an emphasis on Lithium. 

Other notable movers include: 

• Fission 3.0 Corp FISOF, which climbed to 24th place on the Most Active list and recorded a $3 million rise in trading volume compared to last month. 

• Crimson Wine Group Ltd. CWGL, which climbed to 11th place on the Most Active list and recorded an $8.7 million rise in trading volume compared to last month. 

• CREATD INC. CRTD, which climbed to 4th place on the Most Active list after jumping into the top-ten Most Active list just last month. The security recorded a volume rise of $40.9 million compared to last month. 

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 November. 

OTCQX Top 10: 

OTCQB Top 10: 

* Computer Services Inc. (CSVI) has since been acquired and is no longer a publicly traded company 

Featured Photo by Roberto Júnior on Unsplash

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