Re-listed junior Frontier Energy (ASX: FHE) has commenced trading on the US OTCQX market after completing its secondary listing today.
The company’s presence on the OTCQX is aimed at enhancing its visibility and accessibility to North American investors and allow them to trade and settle in US trading hours and dollars.
It will trade under the ticker code ‘FRHYF’.
Highest market tier
The OTC is an established trading platform operated by OTC Markets Group in New York, and provides live market trading in companies which hold primary listings in other markets.
It is considered to be highest market tier of OTC (over the counter) exchanges, on which more than 10,000 US and global securities trade.
Eligibility for the OTCQX requires a demonstration of high financial standards, best practice corporate governance and compliance with US securities law and disclosure…