Novo Resources (ASX:NVO) has transitioned its trading platform from the OTCQX to the OTCQB market in the US.
The company is now trading on the OTCQB under the ticker symbol NSRPF.
Novo Resources says this transition reflects the company’s evolving strategic priorities while continuing to provide an opportunity for increased engagement with the US investment community “while maintaining access to a highly respected US trading platform”.
The OTCQB is a premium tier of the OTC Markets Group, offering increased visibility, higher compliance standards, and greater trading efficiency.
Despite the change, Novo Resources continues to trade on the TSX under the symbol NVO and on the ASX under the symbol NVO.
Executive co-Chairman Michael Spreadborough says the OTCQB is better suited to Novo’s current growth stage and offers a more efficient, cost-effective platform for both shareholders and potential investors.
“Our commitment to advancing gold exploration in Western Australia remains steadfast, and this change will help enhance our market presence in the US and beyond, ultimately supporting our goal of creating long-term value for stakeholders,” says Spreadborough.
Write to Adam Orlando at Mining.com.au
Images: Unsplash
