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- Graphite company EcoGraf (EGR) has begun trading on the OTCQX market under the code ECGFF
- This listing follows the surging investor interest in the U.S. for electric vehicles and President Biden’s plans to replac U.S. Government vehicles with electric vehicles
- The OTCQX is the highest tier over-the-counter (OTC) market for U.S. stocks
- OTC Markets allow shares to be traded directly between investors rather than through a formal exchange such as the ASX or NYSE
- While they are generally riskier and more prone to manipulation, it is easier to trade between international parties
- Shares in EcoGraf are up a healthy 17.4 per cent and are trading at 57.5 cents
Graphite company EcoGraf (EGR) has begun trading on the OTCQX market under the code ECGFF.
This listing follows the surging investor interest in the U.S. for electric vehicles and President Biden’s plans to replace U.S. Government vehicles with electric vehicles.
The listing also follows the company’s successful $54.6 million capital raising which was completed on February 12.
EcoGraf stated it would use the funds to construct and bring the first stage of its WA-based battery anode material purification facility into operation.
The OTCQX is the highest tier over-the-counter (OTC) market for U.S. stocks.
To be eligible to list on the OTCQX, companies must meet high financial standards, follow best practice corporate governance and demonstrate compliance with U.S. securities laws.
OTC Markets allow shares to be traded directly between investors rather than through a formal exchange such as the ASX or NYSE.
While they are generally riskier and more prone to manipulation, it is easier to trade between international parties.
EcoGraf is now listed on the ASX, the Frankfurt Stock Exchange and in the U.S.-based OTCQX.
Shares in EcoGraf are up a healthy 17.4 per cent and are trading at 57.5 cents at 1:46 pm AEST.
