OTC Markets Group Announces Quarterly Index Performance and Rebalancing

Rhea-AI Summary

OTC Markets Group Inc. (OTCM) announced its first quarter 2022 performance, revealing a 4.5% decline in the OTCQX Composite Index. The quarterly rebalancing saw 46 companies join the index and 40 removed. Notable exits include Obsidian Energy Ltd and T Stamp Inc., which moved to larger exchanges. The OTCQX Billion+ Index dropped 4.7%, with four new entrants. The OTCQX Dividend Index, reflecting dividend-paying companies, also fell by 4.6%. Despite the downturn, the OTCQX Banks Index showed a slight increase of 2.9%. The overall market experienced substantial fluctuations.

Positive

• OTCQX Banks Index increased by 2.9% in Q1 2022.
• OTCQX Canada Index rose by 1.2%.

Negative

• OTCQX Composite Index down 4.5% in Q1 2022.
• OTCQX Billion+ Index decreased by 4.7%.
• OTCQX Dividend Index down 4.6%.
• OTCQX International Index fell by 4.4%.
• OTCQX Cannabis Index dropped 10.1%.
• OTCQB Venture Index decreased by 3.4%.

NEW YORK, April 26, 2022 (GLOBE NEWSWIRE) -- OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated financial markets for 12,000 U.S. and global securities, today announced the first quarter 2022 performance and quarterly rebalancing of the OTCQX® and OTCQB® indexes, including the OTCQX Canada Index and the OTCQX Dividend Index.

The OTCQX Composite Index (.OTCQX), a benchmark for the overall OTCQX Best Market, was down 4.5% in Q1 2022. Forty-six new companies joined the Index, while forty companies were removed. Obsidian Energy Ltd (OBE) moved to NYSE MKT on 1/31/2022. T Stamp Inc. (IDAI) graduated to Nasdaq on 1/31/2022. theMaven Inc. (AREN) went to NYSE MKT on 2/9/2022. Transphorm, Inc. (TGAN) went to Nasdaq on 2/22/2022. POET Technologies (POETF) went to Nasdaq on 3/14/2022. Golden Matrix Group, Inc (GMGI) went to NASDAQ on 3/17/2022.

The OTCQX Billion+ Index (.OTCQXBIL), which tracks the performance of $1 billion-plus market cap OTCQX companies was down 4.7% in the first quarter. Four new companies joined the Index including AVZ Minerals Ltd (OTCQX: AZZVF), Brainchip Holdings Ltd. (OTCQX: BCHPY), Danone (OTCQX: GPDNF) and Voyager Digital Ltd. (OTCQX: VYGVF). Five companies were removed.

The OTCQX Dividend Index (.OTCQXDIV), which tracks dividend-paying U.S. and international OTCQX companies was down 4.6%. Twelve new companies joined the Index including, American Hotel Income Properties REIT LP (OTCQX: AHOTF), Alpine Summit Energy Partners, Inc. (OTCQX: ASEPF), Blackhawk Bancorp, Inc. (OTCQX: BHWB), Champion Iron Limited (OTCQX: CIAFF), Denmark Bancshares, Inc. (OTCQX: DMKBA), Danone (OTCQX: GPDNF), JD Bancshares, Inc. (OTCQX: JDVB), LeoVegas AB (OTCQX: LEOVF), Merchants & Marine, Bancorp Inc. (OTCQX: MNMB), Oconee Financial Corp. (OTCQX: OSBK), Solution Financial Inc. (OTCQX: SLNFF), and Solvay S.A. (OTCQX: SLVYY). Fifteen companies were removed.

The OTCQX Banks Index (.OTCQXBK), comprised of OTCQX community and regional banks, is up 2.9% in Q1 2022. Seven banks joined the Index including Blackhawk Bancorp, Inc. (OTCQX: BHWB), Communities First Financial Corporation (OTCQX: CFST), Denmark Bancshares, Inc. (OTCQX: DMKBA), JD Bancshares, Inc. (OTCQX: JDVB), Merchants & Marine Bancorp Inc. (OTCQX: MNMB), Oconee Financial Corp. (OTCQX: OSBK), and Town Center Bank (IL) (OTCQX: TCNB). Fourteen banks were removed.

The OTCQX International Index (.OTCQXINT), a benchmark for international OTCQX companies, was down 4.4% in the first quarter. Eighteen new companies joined the Index. One hundred fifty companies were removed.

The OTCQX Canada Index (.OTCQXCAN), which tracks Canadian OTCQX companies was up 1.2% in the first quarter. Twenty-three new companies joined the Index, while eighteen companies were removed.

OTCQX U.S. Index (.OTCQXUS), a benchmark for U.S. OTCQX companies, was up 7.6% in Q1. Thirteen new companies joined the Index while twenty-one were removed

OTCQX Cannabis Index (.OTCQXMJ), a benchmark for cannabis companies, was down 10.1% in Q1 2022. Three new companies joined the Index including GOODNESS GROWTH HLDGS INC. (OTCQX: GDNSF), MariMed Inc. (OTCQX: MRMD) and Numinus Wellness Inc. (OTCQX: NUMIF). Three companies were removed.

The OTCQB Venture Index (.OTCQB), which tracks the overall OTCQB Venture Market, was down 3.4%. One hundred six companies were added to the index while one hundred twenty-three were removed. A2Z Smart Technologies Corp (AZ) went to NASDAQ on 1/5/2022. VIZSLA SILVER CORP. (VZLA) went to NYSE MKT on 1/21/2022. American Rebel Holdings, Inc. (AREB) went to NASDAQ on 2/7/2022. Energy Services of America Corp. (ESOA) went to NASDAQ on 3/23/2022. Additionally, seven securities went from OTCQB to OTCQX in Q1 and are now included in at least one of the OTCQX Indices.

For a list of all index additions and deletions, visit
https://www.otcmarkets.com/files/Quarterly_Index_Constituent_Changes.pdf

All indexes are market capitalization-weighted and adjusted on a quarterly basis for additions and share changes over 5% during the months of March, June, September and December. In the case of ADRs, the DR ratio is considered. Dividends are re-invested as of the close of business the day before the ex-dividend date.

The OTCQX Composite Index, OTCQX Billion+ Index, OTCQX Dividend Index, OTCQX International Index, OTCQX U.S. Index, OTCQX Banks Index, OTCQX Cannabis Index, and OTCQB Venture Index have minimum liquidity screens to ensure tradability.

All index data is priced in real-time and is available on the OTC Markets Group website, www.otcmarkets.com, and via major financial data distributors and websites, including Bloomberg, Reuters and FT.com.

Past performance does not guarantee future results. Investors cannot invest directly in any of these indexes.

OTC Markets Group Inc. provides no advice, recommendation or endorsement with respect to any company or securities. Nothing herein shall be deemed to constitute an offer to sell or a solicitation of an offer to buy securities.

About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates regulated markets for trading 12,000 U.S. and international securities. Our data-driven disclosure standards form the foundation of our three public markets: OTCQX^® Best Market, OTCQB^® Venture Market and Pink^® Open Market.

Our OTC Link^® Alternative Trading Systems (ATSs) provide critical market infrastructure that broker-dealers rely on to facilitate trading. Our innovative model offers companies more efficient access to the U.S. financial markets.

OTC Link ATS, OTC Link ECN and OTC Link NQB are each an SEC regulated ATS, operated by OTC Link LLC, a FINRA and SEC registered broker-dealer, member SIPC.

To learn more about how we create better informed and more efficient markets, visit www.otcmarkets.com.

Media Contact:
OTC Markets Group Inc., +1 (212) 896-4428, media@otcmarkets.com

FAQ

What was the performance of the OTCQX Composite Index in Q1 2022?

The OTCQX Composite Index was down 4.5% in Q1 2022.

How many companies joined the OTCQX Composite Index in Q1 2022?

Forty-six new companies joined the OTCQX Composite Index in Q1 2022.

What is the decline percentage of the OTCQX Dividend Index in Q1 2022?

The OTCQX Dividend Index decreased by 4.6% in Q1 2022.

Which index had an increase in Q1 2022?

The OTCQX Banks Index increased by 2.9% in Q1 2022.

What was the decline percentage of the OTCQB Venture Index in Q1 2022?

The OTCQB Venture Index was down 3.4% in Q1 2022.