OTC Markets announces quarterly index performance, rebalancing

OTC Markets Group announced the second quarter 2023 performance and quarterly rebalancing of the OTCQX and OTCQB indexes, including the OTCQX Canada Index and the OTCQX Dividend Index. The OTCQX Composite Index, a benchmark for the overall OTCQX Best Market, was up slightly by 0.5% in Q2 2023. 61 new companies joined the Index while 35 companies were removed. Reunion Gold Corp, Consolidated Uranium, Meridian Mining UK Societas, Denarius Metals, and Ledyard Financial Group all joined OTCQX from OTCQB in Q2 2023. No securities moved from OTCQX to an exchange in the quarter. The OTCQX Billion+ Index, which tracks the performance of $1 billion-plus market cap OTCQX companies was up slightly by 0.8% in Q2 2023. 7 new companies joined the Index and no companies were removed. The OTCQX Dividend Index, which tracks dividend-paying U.S. and international OTCQX companies, was up slightly by 0.4% in Q2 2023. 29 new companies joined the Index, while 6 companies were removed. The OTCQX Banks Index, comprised of OTCQX community and regional banks, was down 6.0% in Q2 2023. 28 companies joined the Index while 4 companies were removed. The OTCQX International Index, a benchmark for international OTCQX companies, was up slightly by 0.4% in Q2 2023. 28 new companies joined the Index while 23 companies were removed. The OTCQX Canada Index, which tracks Canadian OTCQX companies was down slightly by 0.7% in Q2 2023. 19 new companies joined the Index while 22 companies were removed. The OTCQX U.S. Index, a benchmark for U.S. OTCQX companies, was up 2.3% in Q2 2023. 33 new companies joined the Index while 12 companies were removed. The OTCQX Cannabis Index. a benchmark for cannabis companies, was down 4.7% in Q2 2023. 4 new companies joined the Index while 4 companies were removed. The OTCQB Venture Index, which tracks the overall OTCQB Venture Market, was down 6.3% in Q2 2023. 144 companies were added to the index while 98 companies were removed. 3 securities went from OTCQB to OTCQX in Q2 and are now included in at least one of the OTCQX Indices.