Photograph by Annie Spratt on Unsplash
Because the third quarter got here to a detailed in September, the OTC Markets noticed a slight lower in complete buying and selling quantity at the same time as firms reported quarterly earnings. As has been the theme in 2021 cryptocurrency trusts from Grayscale Investments LLC drove essentially the most quantity together with some standouts from the biotech and vitality sectors experiencing spectacular quantity as properly.
In September, the mixed complete greenback quantity on OTC Markets reached simply over $51.1 billion, edging 2.7% decrease than the earlier month’s quantity. The OTCQX and OTCQB markets, nevertheless, remained comparatively unchanged in comparison with August greenback quantity numbers.
Grayscale Ethereum Belief (OTCQX: ETHE) and Grayscale Bitcoin Belief (OTCQX: GBTC) traded locations as the highest 2 securities on the OTCQX Finest Market by way of greenback quantity for the month with ETHE taking the highest spot. Institutional merchants could have pushed this shift as a brand new report discovered that establishments most well-liked ETHE over GBTC for the primary time ever in September.
The OTCQX additionally witnessed some worldwide standouts. Tesco PLC (OTCQX: TSCDY,) a United Kingdom-based grocery retailer and common merchandise retailer, skilled a 146% enhance in September buying and selling quantity. The corporate is predicted to report robust ends in October and has additionally seen constant gross sales progress all through the pandemic.
Netherlands-based paint firm Akzo Nobel N.V. (OTCQX: AKZOY) noticed a precipitous fall within the value of its shares in each August and September, which can be one of many elements that drove a 114% enhance in its buying and selling quantity in September. The corporate additionally reported a disappointing quarter in August.
Within the OTCQB Enterprise Market, Netlist Inc. (OTCQB: NLST) maintained its No. 1 spot so far as buying and selling quantity for the month of September, adopted intently by CytoDyn Inc. (OTCQB: CYDY) which jumped to the No. 2 spot.
CytoDyn has made headlines just lately with its most cancers and HIV therapeutic leronlimab that it’s presently testing for attainable COVID-19 purposes. However, the corporate has additionally been experiencing some inside strife between activist traders and management.
The most important modifications in month-over-month greenback quantity within the OTCQX market got here from a handful of vitality firms.
Australian vitality firms Boss Vitality Ltd. (OTCQB: BQSSF), which just lately joined the OTCQB Enterprise Market, and Bannerman Vitality LTD. (OTCQB: BNNLF) each noticed substantial will increase in buying and selling quantity in September.
Each firms introduced constructive developments of their respective Uranium mining initiatives. Bannerman introduced that it will start a brand new uranium mining undertaking in Namibia, and Boss additionally reported it’s forward of schedule in its Australian mining operations.
enCore Vitality Corp. (OTCQB: ENCUF) additionally had a rise in buying and selling quantity for the month of September on information that it had efficiently accomplished its acquisition of Azarga Uranium creating a number one uranium mining firm with a plethora of U.S.-based initiatives.
Under are the highest 10 most actively traded securities on the OTCQX and OTCQB markets in September:
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