These Were The 50 Best-Performing Companies On The OTCQX Market In 2019

The following post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga.

Each year, OTC Markets releases its OTCQX Best 50, an annual ranking of the top 50 companies on its top market tier, OTCQX. The list is based on an equal weighting of one-year total return and average daily dollar volume growth.

2019’s top performer is Canadian silver mining company New Pacific Metals Corp. NUPMF, whose shares rose 313% last year. Much of that rise occurred in the final 10 weeks of the year, as shares rose 96% from Sept. 24 to the end of the year.

Following New Pacific Metals is Canadian gold miner Lion One Metals Ltd. LOMLF, whose shares rose 298% last year. Both companies ended 2019 at or near all-time highs and proceeded to make new highs in January 2020.

Interestingly, each of the top eight companies on the 2020 list—and 23 of the 50 overall—are in the mining and resource industries, making it the most-represented industry on the list. Ten regional and community banks made the cut, including Calvin B. Taylor Bankshares, Inc. TYCB and Merchants & Marine Bancorp Inc MNMB, as did two cryptocurrency securities, the Grayscale Bitcoin Trust GBTC and Grayscale Ethereum Classic Trust ETCG, which returned 106% and 7.5% respectively in 2019.

Six companies from last year's ranking remained on the list: Anglo American plc NGLOY AAUKF)), Farmers & Merchants Bancorp FMCB, K92 Mining Inc KNTNF, and Teranga Gold Corporation TGCDF, Experian plc EXPGY EXPGF)), and JBS S.A. JBSAY.

JBS and Experian were among the group of large-cap international names that made the list. That group also includes Air Canada ACDVF and Royal DSM NV RDSMY, which returned 96% and 61% respectively last year.

According to OTC Markets, the 2020 OTCQX Best 50 companies returned an average of 91% last year on total dollar volume of $13.7 billion.

"The OTCQX Best Market offers the most efficient trading for established, investor-friendly U.S. and international companies that are looking to grow their businesses and increase their exposure to U.S. investors," said Jason Paltrowitz, OTC Markets EVP, Corporate Services. "This year's roster of industry leaders demonstrates the breadth, depth and diversity of companies represented on OTCQX."

In order to be eligible, companies were required to end the year trading on OTCQX, have a 2019 closing share price of at least $0.25, trade at least $500,000 in dollar volume for the year, and not be a "penny stock" as defined under SEC Rule 3a51-1 of the Securities Exchange Act of 1934.

Below is the full 2020 OTCQX Best 50 list:

The preceding post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga. Although the piece is not and should not be construed as editorial content, the sponsored content team works to ensure that any and all information contained within is true and accurate to the best of their knowledge and research. This content is for informational purposes only and not intended to be investing advice.