American Pacific Mining Corp (OTCMKTS:USGDF) Stock Soars 21%: Company Announces Trading On OTCQX

American Pacific Mining Corp (OTCMKTS:USGDF) (CSE:USGD) was up 21% after announcing that it would start trading in the OTCQX Best Market (OTCQX) on February 25, 2022, under ticker symbol USGDF.

Market Stats

On Friday, USGDF stock soared 21.21% to $0.80 with more than 905K shares, compared to its average volume of 375K shares. The stock moved within a range of $0.6500 – 0.8000 after opening trading at $0.66.           

American Pacific Mining Graduates to the OTCQX

The OTCQX is OTC Markets’ top market level, with 11,000 United States and global equities trading on it. Listing on the OTCQX increases the company’s exposure and accessibility to investors in the US. The common shares of American Pacific will continue trading under the symbol USGD on the Canadian Securities Exchange.

For US individuals, institutions, and brokers looking to trade USGDF, the OTCQX offers value and simplicity. The OTCQX is the primary market of OTC Markets Group for established, investor-oriented US and foreign corporations. Companies must fulfill rigorous financial criteria, implement excellent corporate governance, ensure adherence to the US securities act, be current in public reporting, and have a competent third-party sponsorship introduction to be qualified. Moving to OTCQX is a massive achievement for the company, so investors should watch USGDF in the coming weeks.

Key Quote

Moving from the OTCQB to the OTCQX is another great achievement for the Company as we strive to increase shareholder value,” said Warwick Smith, CEO of American Pacific. “Upgrading to the OTCQX will provide the Company with greater exposure and access to the US markets while improving liquidity for the investment community both in Canada and the United States. We firmly believe that our clear global strategy, strong management team, operational infrastructure, global network, consumer messaging, and financial results will continue to drive shareholder value.”

Traders Corner

USGDF stock is trading above the 20-Day and 200-Day Moving averages of $0.76 and $0.72 respectively. However, the stock is trading below the 200-Day moving average of $0.86.