The OTCQB Venture Market Records 4 Months Of Consecutive Volume Increases In OTC Market Group's Most-Active List In October

The OTCQB Venture Market Records 4 Months Of Consecutive Volume Increases In OTC Market Group's Most-Active List In October

The SPDR S&P 500 ETF Trust SPY increased by 8.13% in October — its second-largest monthly increase in 2022. The Fidelity NASDAQ Composite Index ETF ONEQ and the SPDR Dow Jones Industrial Average (DJA) ETF DIA mirrored this downward trend, showing monthly increases in October of 4.03% and 13.96%, respectively. 

The DJA’s uncharacteristic strength in this market seems to suggest that value stocks, a traditionally safer set of securities, seem to be favored by investors. The oil, biotechnology and finance sectors seem to be demonstrating some strength. 

As investor trepidations simmered with another Federal Reserve-sponsored rate hike, OTC Markets Group Inc.’s OTCM regulated markets experienced a slight decrease in total monthly volume, recording $37.2 billion in October compared to $39.5 billion in September.

A Dive Into The OTCQX Best Market’s Most-Active List

The OTCQX Best Market recorded $6.7 billion in trading volume in October, a slight decrease over the $7.3 billion in trading volume in September.

For the first time in months, the top three contenders on the OTCQX’s Most-Active list remain unchanged from the prior month. Roche Holding AG RHHBY, Grayscale Bitcoin Trust GBTC and Grayscale Ethereum Trust ETHE remain in the first-, second- and third-most-traded positions.

The remaining constituents in OTCQX’s top 10 most-active securities experienced a slight reshuffle in October, welcoming both new and familiar faces in Royal DSM NV RDSMY and Anglo American PLC NGLOY. The two newcomers displace Danone S.A. DANOY and Akzo Nobel N.V. AKZOY in the top 10 most-active securities list. 

Other notable movers:

 

  • Green Thumb Industries Inc. GTBIF claimed the 13thspot on the OTCQX’s Most Active list, experiencing a 211% increase in trading volume. 
  • Curaleaf Hldngs Inc. CURLF claimed the 21st spot on the OTCQX’s Most Active list, experiencing a 132% increase in trading volume. 
  • Verano Holdings Corp. VRNOF claimed the 25th spot on OTCQX’s Most Active list, experiencing a 128% increase in trading volume.

 

The OTCQB Venture Market: 4 Months Of Volume Surges

The OTCQB Venture Market recorded $739 million in October, an increase over the $642.6 million in trading volume recorded in September. In fact, trading volume in the OTCQB Venture Market has increased on a monthly basis since at least July. 

Like the OTCQX Best Market, the OTCQB Venture Market’s top 10 Most Active list for the month saw new entries. Specifically, Lake Resources N.L. LLKKF, Stemtech Corp. STEK and Know Labs Inc. KNWN made way for GPO PLUS INC. GPOX, CreatdInc. CRTD and Evofem Biosciences Inc. FVFM

The three new securities address different market segments. GPO Plus, for example, specializes in group purchase organizations. Creatd provides economic opportunities for creators through technologies and partnerships, and Evofem Biosciences is working on a hormone-free contraceptive. 

Another notable mover is Nextech AR Solutions Corp. NEXCF, which climbed to 25th place on the Most Active list and recorded a $1.3 million rise in trading volume compared to last month.

The OTCQX And OTCQB Top 10

Below are the top 10 most actively traded securities on the OTCQX Best Market and OTCQB Venture Market in October. 

OTCQX Top 10: 

Company Name

Symbol

October Dollar Volume

Roche Holding Ltd.

RHHBY

$1,037,984,026

Grayscale Bitcoin Trust (BTC)

GBTC

$746,362,949

Grayscale Ethereum Trust (ETH)

ETHE

$481,423,529

adidas AG

ADDYY

$405,479,500

Royal DSM NV

RDSMY

$266,863,973

BNP Paribas

BNPQY

$253,313,433

Deutsche Telekom AG

DTEGY

$219,756,826

Infineon Technologies AG 

IFNNY

$199,919,697

Anglo American plc

NGLOY

$185,680,509

Computer Services Inc.

CSVI

$176,801,020

OTCQB Top 10: 

Company Name

Symbol

September Dollar Volume

Global Tech Industries Group Inc.

GTII

$321,980,443

American Battery Technology Co.

ABML

$31,309,136

Netlist Inc.

NLST

$26,785,498

Northwest Biotherapeutics Inc.

NWBO

$15,828,840

GPO PLUS INC.

GPOX

$14,444,008

Fannie Mae 

FNMA

$12,739,068

Created Inc.

CRTD

$10,882,484

CytoDyn Inc.

CYDY

$9,010,050

Freddie Mac 

FMCC

$7,943,889

Evofem Biosciences Inc.

EVFM

$7,204,630

Featured photo by Joshua Woroniecki on Unsplash

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