+ 2.19
+ 0.78%
+ 1.07
+ 0.67%
+ 0.53
+ 0.3%

These Were The Hottest Companies On OTC Markets In July

August 17, 2020 12:55 pm
Share to Linkedin Share to Twitter Share to Facebook Share to Print License More

Trading volume on OTC Markets remained elevated in July, but activity is slowly moving away from the extreme levels seen in March and April. 

Roughly $8.57 billion worth of shares traded on the OTCQX and OTCQB Markets in July, which represents a 9.6% increase from July 2019. However, it was also a 2.8% decrease from June. This falls in-line with the CBOE Volatility Index, which has steadily declined since March (increased trading activity is typically associated with higher volatility). 

On the OTCQX Best Market, the top tier of OTC Markets, the most actively traded security in July was the Grayscale Bitcoin Trust (OTCQX:GBTC), which typically falls in behind 
Roche Holding Ltd (OTCQX:RHHBY). Over $1.4 billion worth of GBTC shares were traded last month.

Other notable securities include Switzerland-based Zurich Insurance Group Ltd (OTCQX:ZURVY), which rose from the 19th-most traded security in June to number four in July, and Shanghai-based Semiconductor Manufacturing International Corp. (OTCQX:SMICY), which rose from 13 to six. 

The Top 10 Most Active Securities on OTCQX in July

Company Symbol Country July Dollar Volume
Grayscale Bitcoin Trust GBTC USA $1,425,579,936
Roche Holding Ltd RHHBY Switzerland $983,485,244
Grayscale Ethereum Trust ETHE USA $319,269,130
Zurich Insurance Group Ltd. ZURVY Switzerland $244,601,211
BNP Paribas BNPQY France $158,357,984
Semiconductor Manufacturing International Corp. SMICY China $123,190,516
Danone DANOY France $105,072,497
Curaleaf Holdings Inc. CURLF USA $103,098,931
Trulieve Cannabis Corporation TCNNF USA $95,085,574
adidas AG ADDYY Germany $93,760,733

Beyond those two names, one other theme stood out in July—the rally in a specific group of cannabis companies.

For several months, a number of U.S.-based cannabis companies have outperformed the rest of the industry. This group includes Curaleaf Holdings Inc. (OTCQX:CURLF), Trulieve Cannabis Corporation (OTCQX:TCNNF), Cresco Labs Inc. (OTCQX:CRLBF), and Planet 13 Holdings Inc. (OTCQX:PLNHF). 

Buoyed by the fact that many dispensaries were labeled essential businesses during the pandemic, investors may be anticipating the eventual federal decriminalization of cannabis in the U.S., and are therefore looking to companies with strong operations and reasonable valuations. All four of the companies above trade on OTCQX and have rallied between 250-420% since March. 

That rise in share price has also correlated with a rise in dollar volume. In July, dollar volume in shares of those four companies rose an average of 80% from June. 

  Month-Over-Month Dollar Volume Increase
Curaleaf 117%
Trulieve  101%
Planet 13 82%
Cresco Labs 21%

On the OTCQB Venture Market, home to more early stage companies, CytoDyn Inc. (OTCQB:CYDY) was once again the most actively traded security, with over $1 billion worth of shares trading hands. Nextech AR Solutions Corp. (OTCQB:NEXCF) had the second most dollar volume of any security on the market in July, as its shares rose as much as 109% during the month. 

The Top 10 Most Active Securities on OTCQB in July

Company Symbol Country July Dollar Volume
CytoDyn Inc. CYDY USA $1,022,203,835
Nextech AR Solutions Corp. NEXCF Canada $201,678,662
Fannie Mae FNMA USA $136,703,153
American Lithium Corp. LIACF Canada $84,676,983
Humanigen, Inc. HGEN USA $50,231,840
TOMI Environmental Solutions, Inc. TOMZ USA $47,926,625
Freddie Mac FMCC USA $44,929,605
TPT Global Tech, Inc. TPTW USA $42,735,436
Vystar Corp. VYST USA $34,183,203
Axim Biotechnologies, Inc. AXIM USA $33,626,719


Related Articles

Traders Have Rotated Into Big Multinational Companies On OTC Markets

One of the ways we gauge market sentiment is by looking at rotation—which areas of the market, traders and investors are most bullish or bearish on, and watching how those trends change over time.  We can track this by looking at price (the upward or downward pressure on an asset) as well as by volume (where the most attention is being paid).  read more

Cannabis Stock Gainers And Losers From October 27, 2020

GAINERS: Zenabis Global (PINK: ZBISF) shares closed up 35.32% at $0.06 read more

Why Cantor Fitzgerald Is No Longer An Aurora Cannabis Bull

Contrary to expectations, Aurora Cannabis Inc (NYSE: ACB) has used what was remaining of its $183-million equity facility over the last 30 days, according to Cantor Fitzgerald. read more

Cannabis Movers & Shakers: Blueberries, Harborside, HEXO, Christina Lake, RespireRx

Here is a summary of the latest leadership changes within the cannabis industry. Blueberries Parts Ways With CEO Camilo Villalba  read more

Cannabis Regulatory Update: S.D. Favors Legalization, Tenn. Senator Supports Medical Weed, Detroit Update

South Dakota is likely to legalize medical marijuana sales this November.  That’s according to a recent poll, in which 74% of respondents said they’ll vote in favor of a medical marijuana program for the Mount Rushmore State. read more