Join our daily newsletter At The Bell to receive exclusive market insights
- Smart building materials company ClearVue Technologies (CPV) has begun trading on the OTCQB under the ticker code CVUEF
- The OTCQB is the middle tier for over-the-counter (OTC) stocks and primarily consists of early-stage and international companies
- OTC markets allow shares to be traded directly between investors rather than through a formal exchange such as the ASX or NYSE
- This listing will allow ClearVue’s North American investors to invest in the company during U.S. trading hours and use U.S. dollars
- ClearVue now trades in Australia, Germany, Berlin and the United States
- ClearVue is up 12.5 per cent on the market and shares are trading at 90 cents
Smart building materials company ClearVue Technologies (CPV) has begun trading on the OTCQB under the ticker code CVUEF.
The OTCQB is the middle tier for over-the-counter (OTC) stocks and consists of mainly early-stage and international companies that are not yet able to qualify for the higher-tier OTCQX.
It primarily consists of shell companies, penny stocks and small foreign companies.
OTC markets allow shares to be traded directly between investors rather than through a formal exchange such as the ASX of NYSE.
While they are generally riskier and more prone to manipulation, it is easier to trade between international parties.
This listing will allow ClearVue’s North American investors to invest in the company during U.S. trading hours and use U.S. dollars.
ClearVue now trades on the Australian Securities Exchange (ASX), the German exchanges in Frankfurt and Stuttgart, the Böerse Berlin and in New York.
“ClearVue is very pleased to have now listed onto the OTC. The company has a large commercial focus on the key market of the U.S. where we see significantly increased interest in potential sales enquiry activity following the new focus on infrastructure renewal, climate change and renewable solutions under the new administration in Washington,” Executive Chairman Victor Rosenberg commented.
ClearVue is up 12.5 per cent on the market and shares are trading at 90 cents at 12:33 pm AEST.
