Vancouver-based Astra Exploration upgraded to the OTCQX Best Market from OTCQB, trading under ATEPF as it seeks deeper U.S. investor access and liquidity.
Alpha Score of 42 reflects weak overall profile with weak momentum, poor value, weak quality, moderate sentiment.
Astra Exploration Inc. (TSX-V: ASTR; OTCQX: ATEPF) began trading Aug. 27 on the OTCQX Best Market, upgrading from the OTCQB Venture Market. The Vancouver-based precious metals explorer qualified for the top tier of the U.S. markets run by OTC Markets Group Inc. (OTCQX: OTCM).
The OTCQX tier is reserved for established companies that meet high financial standards and follow best-practice corporate governance. Astra said in the announcement that trading on OTCQX "enhances Astra's exposure to more US investors and is expected to improve liquidity."
Astra's gold and silver projects span two of Latin America's most prolific epithermal regions: the Paleocene belt of northern Chile and the Deseado Massif of southern Argentina. La Manchuria, in Santa Cruz, Argentina, is a high-grade gold-silver low-sulphidation epithermal deposit in the Deseado Massif, where Astra owns 80% and can raise its stake to 90% under an option from Patagonia Gold Corp. The Deseado Massif hosts several world-class deposits, including Cerro Vanguardia and Cerro Negro.
Pampa Paciencia, in northern Chile's Paleocene province, sits near the Spence and Sierra Gorda mines. Cerro Bayo, in the Maricunga belt about 20 km from the Refugio Mine, hosts a high-sulphidation epithermal gold system with similarities to the Salares Norte deposit. Astra owns both outright.
Total dollar volume across OTC Markets' venues reached $453.34 billion in the first half of the year. Canada ranked among the top home markets by trading volume in the second quarter.
OTC Markets said trading in non-U.S. North American securities reached $23.4 billion in the second quarter, up 88.25% from a year earlier.
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