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(Alliance News) - Shares rose in Argo Blockchain PLC on Wednesday as it announced the start of trading on the OTCQX Best Market in the US, upgrading from the OTCQB Venture Market.
Shares in the London-based cryptocurrency miner were up 14% at 240.00 pence on Wednesday. On the OTCQX market on Tuesday, Argo Blockchain shares closed down 26% at USD2.72.
The OTCQX market was designed for investor-focused US and international companies, which must demonstrate high financial standards and the following of best practice corporate governance.
Argo, which will trade in the OTCQX market under the ticker ARBKF, was sponsored by MCAP Markets LLC, which provides guidance on OTCQX requirements and recommending membership.
"The OTCQX is the highest tier of the OTC market and we are delighted to have qualified to begin trading. We are proud of our commitment to transparency, openness and strong corporate governance. This approval will give increased access to US institutional and retail investors looking to invest in the Company and provide them with the opportunity to share in Argo's growth as the cryptocurrency and blockchain sectors continue to gather momentum," said Chief Executive Peter Wall.
By Dayo Laniyan; dayolaniyan@alliancenews.com
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