OTC Markets Group issues its 2020 OTCQX Best 50 ranking of top-performing companies

OTC Markets Group Inc (OTCQX:OTCM) announced Tuesday its 2020 OTCQX Best 50, a ranking of the top-performing OTCQX companies in the prior calendar year. 

The annual ranking comprised the top 50 US and international companies that trade on the OTCQX Best Market, based on an equal weighting of one-year total return and average daily dollar-volume growth, according to a statement.   

This year’s top-performing company, New Pacific Metals Corp (OTCQX:NUPMF) (CVE:NUAG), is a Canadian exploration and development company. New Pacific Metals, one of 22 Canadian companies making the ranking, is also listed on the TSX Venture Exchange and thus garners the ranking of the top-performing international company.  

READ: OTC Markets Group’s 3Q shows strong revenue growth

“We congratulate the 2020 OTCQX Best 50 companies on achieving this recognition,” said Jason Paltrowitz, executive vice president, corporate services at the OTC Markets Group.   

“This year’s roster of industry leaders demonstrates the breadth, depth and diversity of companies represented on OTCQX. We continue to be the market of choice for established US community banks, smaller growth and developing companies and leading foreign exchange-listed global brands looking to build their profile with US investors.” 

The 2020 OTCQX Best 50 companies traded an aggregate $13.7 billion in dollar volume in 2019 and delivered to investors an average total return of 91%. 

Among this year’s OTCQX Best 50 were 20 companies that paid a dividend in 2019 and 14 companies included in the OTCQX Billion+ Index (OTCQXBIL). As well, ten regional and community banks were included in the OTCQX Best 50 list.  

OTC Markets Group applied the following criteria to the 443 companies traded on OTCQX on December 31 to determine which companies would qualify for the 2020 OTCQX Best 50: 

• Traded on OTCQX on December 31, 2018 
• Closing share price of $0.25 or greater on December 31, 2019 
• Closing share price on December 31, 2019 was greater than year-ago date 
• Traded equal to or greater than $500,000 in dollar volume in 2019 
• Not a “penny stock” on December 31, 2019, as defined under SEC Rule 3a51-1 of the Securities Exchange Act of 1934 
• Member of the OTCQX Composite Index as of December 31, 2019 

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Story by ProactiveInvestors