Blue Star Helium Limited (OTCMKTS:BSNLF) Stock In Focus After Key Updates
Blue Star Helium Limited (OTCMKTS:BSNLF) is moving in a range after announcing that its common shares have been cleared for trading under the symbol “BSNLF” on the OTCQB Venture Market.
Market Stats
On Monday, BSNLF stock ended flat at $0.0410 with more than 5k shares, compared to its average volume of 54K shares. The stock moved within a range of $0.0410 – 0.0410 after opening trading at $0.0410.
Key Details
The OTCQB market is a trading platform run by OTC Markets Group in the US, and it offers live-market trading during business hours for developing early-stage firms holding primary listing in markets other than the US. Listing on the OTCQB market offers enhanced accessibility to investors in North America to the company’s stock and also delivers the potential for increased liquidity in the trading of the company’s shares.
Interestingly, compliance for OTCQB listing requires issuers to meet yearly company authentication and management certification processes, financial transparency and reporting requirements and continuing compliance in regard to the company’s market capitalization and capital structure. Blue Star is expected to satisfy all compliance requirements via the current fulfilment of ASX listing requirements. So investors should keep an eye on BSNLF in the coming weeks.
Key Quote
“Blue Star’s listing on the OTCQB market provides increased accessibility for investors in North America to invest in the company. This is particularly relevant given the helium market and investor base in the United States is the largest globally – and our asset portfolio is focused in the United States,” Blue Star managing director and CEO Trent Spry said.
