{"id":33172,"date":"2023-01-18T17:04:15","date_gmt":"2023-01-18T12:04:15","guid":{"rendered":"http:\/\/myanmarnewsgazette.com\/?guid=363c81037c6f841f4a2e05d5c126fefa"},"modified":"2023-01-18T17:04:15","modified_gmt":"2023-01-18T12:04:15","slug":"otc-markets-group-announces-the-2023-otcqx-best-50","status":"publish","type":"post","link":"https:\/\/myanmarnewsgazette.com\/otc-markets-group-announces-the-2023-otcqx-best-50\/","title":{"rendered":"OTC Markets Group Announces the 2023 OTCQX Best 50"},"content":{"rendered":"
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NEW YORK, Jan. 18, 2023 (GLOBE NEWSWIRE) — OTC Markets Group Inc.<\/a> (OTCQX: OTCM), today announced the 2023 OTCQX\u00ae Best 50, a ranking of the top-performing OTCQX companies in the prior calendar year.<\/p>\n

The OTCQX Best 50 is an annual ranking of the top 50 U.S. and international companies traded on the OTCQX Best Market, based on an equal weighting of one-year total return and average daily dollar volume growth. Companies in the 2023 OTCQX Best 50 were ranked based on their performance during the 2022 calendar year.<\/p>\n

\u201cWe congratulate the 2023 OTCQX Best 50 companies on being able to outperform their peers in a year of difficult market conditions,\u201d said Jason Paltrowitz, OTC Markets Group EVP of Corporate Services. \u201cThis year\u2019s roster represents the breadth of industries and geographies that contribute to the diverse range of OTCQX-traded securities.<\/p>\n

2023 OTCQX Best 50 Results and Highlights<\/strong><\/p>\n

The 2023 OTCQX Best 50 companies traded a total $6.5 billion dollar volume. The companies delivered to investors a median total return of 20% in 2022. The median market cap for the companies ranked in this year\u2019s list was over $198.6 million, and among them were 13 companies with a market cap greater than $1 billion.<\/p>\n

This year\u2019s top performing company, Journey Energy Inc. (OTCQX: JRNGF<\/a>), is a Canadian oil and gas exploration and production company. Journey Energy Inc. cross-trades on the Toronto Stock Exchange (TSX) in Canada under the ticker symbol \u201cJOY.\u201d They are among the 15 Canadian companies rounding out the list of the OTCQX Best 50.<\/p>\n

U.S. and Canadian companies comprised a high concentration of the 2023 OTCQX Best 50 at 19 and 15 companies respectively. This year\u2019s list also included representation from ten other countries. The list included companies traded on Frankfurt Stock Exchange, ASX, LSE, Bolsa Mexicana de Valores, SIX Swiss Exchange, Madrid Stock Exchange, Istanbul Stock Exchange, Hong Kong Stock Exchange, and BM&F Bovespa. The diversity of countries further demonstrates the success of OTCQX as a global gateway to connect issuers with the U.S. investment community.<\/p>\n

Fifteen U.S. community banks were also included among this year\u2019s OTCQX Best 50 list:<\/p>\n