NEW YORK, Nov. 16, 2016 /PRNewswire/ -- OTC Markets Group Inc. (OTCQX: OTCM), operator of financial markets for 10,000 U.S. and global securities, today announced Penn Virginia Corporation (OTCQX: PVAC) has qualified to trade on OTCQX® U.S. Premier. Penn Virginia upgraded to OTCQX from the Pink® market.
Penn Virginia begins trading today on OTCQX under the symbol "PVAC." U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com.
"We are pleased to welcome Penn Virginia to our OTCQX Best Market," said Jason Paltrowitz, Executive Vice President of Corporate Services at OTC Markets Group. "Upgrading to OTCQX indicates Penn Virginia's commitment to providing up to date news and financial disclosure to their investors. Trading on OTCQX will allow the company to broaden its visibility through a more transparent trading experience and dedicated capital market support."
John A. Brooks, Interim Principal Executive Officer and Chief Operating Officer, commented, "We are very pleased to have the opportunity to trade on OTCQX and see this as an important step towards increasing shareholder liquidity and investor visibility of our company."
Northland Capital Markets serves as Penn Virginia's OTCQX Advisor, responsible for providing professional guidance on OTCQX requirements and U.S. securities laws.
Penn Virginia Corporation is an independent oil and gas company engaged in the exploration, development and production of oil, natural gas liquids and natural gas in various domestic onshore regions of the United States, with a primary focus in the Eagle Ford Shale in south Texas.
About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates the OTCQX® Best Market, the OTCQB® Venture Market, and the Pink® Open Market for 10,000 U.S. and global securities. Through OTC Link® ATS, we connect a diverse network of broker-dealers that provide liquidity and execution services. We enable investors to easily trade through the broker of their choice and empower companies to improve the quality of information available for investors.
To learn more about how we create better informed and more efficient markets, visit www.otcmarkets.com
OTC Link ATS is operated by OTC Link LLC, member FINRA/SIPC and SEC regulated ATS.
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SOURCE OTC Markets Group Inc.