NEW YORK, Nov. 19, 2013 /PRNewswire/ -- OTC Markets Group Inc. (OTCQX: OTCM) congratulates American Eagle Energy Corp. (OTCQX: AMZG), a Colorado-based oil and gas exploration & production company, on its approval to list on the New York Stock Exchange's NYSE MKT. American Eagle Energy is moving to the NYSE MKT from OTC Markets Group's OTCQX® marketplace.
Since joining OTCQX on July 26, 2012, American Eagle Energy's stock price has quadrupled to $2.83 and its current market capitalization is $202 million.
"We congratulate American Eagle Energy on its NYSE MKT listing and are proud to have helped contribute to its success as a public company," said R. Cromwell Coulson, President and CEO of OTC Markets Group. "American Eagle Energy's success on OTCQX demonstrates the value it offers growth companies that are looking to increase their visibility with investors and demonstrate their credibility in the market – whether to remain on OTCQX or eventually grow into a NYSE or NASDAQ listing."
"OTCQX was instrumental in enabling American Eagle Energy to qualify for listing on the NYSE MKT, as we benefited from increased liquidity and recognition," said Brad Colby, President and CEO of American Eagle Energy Corp. "The OTCQX has played an important part in the growth of our company, and we appreciate the support of OTC Markets Group."
American Eagle Energy is the sixth company to move from OTCQX to the NYSE or NASDAQ this year. OTCQX continues to be the choice for growing U.S. and global companies that are looking to execute their business plans and grow into a U.S. stock exchange listing.
About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates Open, Transparent and Connected financial marketplaces for 10,000 U.S. and global securities. Through our OTC Link® ATS, we directly link a diverse network of broker-dealers that provide liquidity and execution services for a wide spectrum of securities. We organize these securities into marketplaces to better inform investors of opportunities and risks – OTCQX®, The Best Marketplace with Qualified Companies; OTCQB®, The Venture Stage Marketplace with U.S. Reporting Companies; and OTC Pink®, The Open Marketplace with Variable Reporting Companies. Our data-driven platform enables investors to easily trade through the broker of their choice at the best possible price and empowers a broad range of companies to improve the quality and availability of information for their investors. To learn more about how we create better informed and more efficient financial marketplaces, visit www.otcmarkets.com.
OTC Link® ATS is operated by OTC Link LLC, member FINRA/SIPC and SEC regulated ATS.
SOURCE OTC Markets Group Inc.