#How to Read the Top Tier of the OTCQX Best 50
Each year, the OTCQX Best 50 highlights companies whose shares trade with notable consistency and depth on the OTCQX market. The ranking is built on trading activity over time, with a focus on dollar volume, liquidity patterns, and how reliably investors were able to transact throughout the year. It is a practical snapshot of where trading attention has concentrated.
The framework behind the list is outlined in the OTCQX Best 50 article, which serves as the reference point for how activity is measured and compared across the full universe of OTCQX securities.
Companies ranked 1–10 represent the highest concentration of trading activity within the broader Best 50 universe. These names tend to show sustained engagement from market participants, steady execution across many trading sessions, and pricing that responds smoothly to volume. In simple terms, these are the OTCQX securities where trading showed up day after day, often alongside active primary listings outside the U.S.
As you read through the company breakdowns below, think of them as guided tours through trading behavior. Each section explains what the data shows about how the stock moved, how consistently investors were involved, and what that experience typically looks like compared with thinner OTC names.
The company discussions below introduce the top ten of the 2026 OTCQX Best 50, explaining why each issuer ranked in this highest tier and what that placement suggests about liquidity and trading characteristics.
#1. Ucore Rare Metals, Inc. (UURAF): Theme-Driven Liquidity
Ucore Rare Metals is a Canadian-based materials company focused on rare earth element processing and separation. It trades on OTCQX as a secondary listing to its primary Canadian market on the TSX Venture Exchange. It sits squarely in the critical minerals space, an area that attracted sustained attention across markets during the year.
UURAF ranked first as investor interest tied to the rare earth and supply-chain theme stayed active well beyond short news cycles. U.S. trading accelerated sharply and remained elevated across the measurement period, suggesting continued engagement rather than headline chasing. That persistence pushed average daily dollar volume on OTCQX far above typical levels for a venture-listed issuer.
At this ranking level, liquidity reflected how closely the stock tracked an ongoing macro narrative. Trading appeared steady and repeatable, with U.S. investors consistently participating alongside the Canadian market as the theme remained in focus.
#2. Metaplanet Inc. (MTPLF): Cross-Market Liquidity
Metaplanet Inc. is a Japan-based investment company listed on the Tokyo Stock Exchange, with OTCQX International providing U.S. access. Its size and activity in its home market set it apart from most OTC-traded foreign issuers.
MTPLF ranked near the top as heavy trading in Japan consistently spilled over into U.S. secondary market activity. Dollar volume on OTCQX scaled quickly and remained high, reflecting how closely U.S. trading mirrored primary-market participation rather than developing independently.
Its placement highlights OTCQX functioning as an extension of global liquidity rather than a separate venue. Execution conditions reflected this spillover effect, with U.S. trading depth closely tied to ongoing activity overseas.
#3. Discovery Silver Corp. (DSVSF): Sector-Cycle Liquidity
Discovery Silver is a Canadian silver developer listed on the Toronto Stock Exchange, with secondary trading on OTCQX International. It operates within the precious metals sector, where investor interest tends to rise and fall with broader commodity cycles.
DSVSF ranked highly, as silver-related trading activity remained active throughout the year, rather than clustering around isolated events. U.S. participation followed the broader metals cycle, producing steady turnover and consistent dollar volume on OTCQX.
Liquidity here reflected sector alignment rather than company-specific bursts. Trading remained present across market phases, placing Discovery Silver among the more consistently engaged resource names on the platform.
#4. Andean Precious Metals Corp. (ANPMF): Producer-Anchored Liquidity
Andean Precious Metals is a Canada-based precious metals producer listed on the Toronto Stock Exchange, with OTCQX International trading for U.S. investors. Unlike development stage peers, it sits within the producing segment of the metals market.
ANPMF qualified for the top tier as trading activity remained steady throughout the year, reflecting ongoing participation rather than bursts of speculative interest. U.S. dollar volume increased gradually and remained stable across a wide range of sessions.
This pattern points to liquidity supported by perceived operational continuity. Execution felt orderly and repeatable, aligning with how producer-level issuers often trade relative to earlier-stage names on OTC markets.
#5. RIO2 Limited (RIOFF): Development-Stage Liquidity
RIO2 Limited is a Canadian gold development company listed on the Toronto Stock Exchange, with OTCQX International trading. It sits between early exploration and full production, a stage that often draws rolling investor attention.
RIOFF ranked within the top 10 as trading activity reflected ongoing engagement with its development trajectory rather than isolated surges. U.S. participation appeared regularly throughout the year, supporting rising average daily dollar volume.
Liquidity here reflected continued monitoring rather than short-term speculation. Trading patterns showed repeat engagement as investors stayed involved across multiple stages of progress.
#6. Grayscale Zcash Trust (ZCSH): Structure-Driven Liquidity
Grayscale Zcash Trust is a U.S.-based investment vehicle offering structured exposure to the Zcash digital asset. It trades on OTCQX U.S. and differs fundamentally from operating companies elsewhere in the ranking.
ZCSH ranked highly as trading activity remained consistently active across the measurement period, reflecting repeat use of the product rather than discretionary stock selection. Dollar volume stayed elevated as investors used the trust as an access mechanism.
Grayscale Zcash Trust's steady engagement in 2025 was supported by renewed interest in privacy-focused cryptocurrencies, as regulatory shifts and surveillance concerns revived demand for alternative digital assets like Zcash.
Liquidity here was driven by structure. Trading patterns reflected functional demand for exposure, producing regular turnover and dependable execution across market conditions.
#7. Lundin Gold Inc. (LUGDF): Scale-Anchored Liquidity
Lundin Gold is a large-capitalization Canadian gold producer listed on the Toronto Stock Exchange, with an established OTCQX International presence. Its size and global investor base distinguish it from most OTC issuers.
Investor demand for gold surged in 2025, driven by persistent inflation concerns and geopolitical instability, which lifted prices to record highs and intensified interest in gold equities like Lundin Gold.
LUGDF earned its ranking as trading activity remained consistently heavy throughout the year. U.S. dollar volume reached multi-million-dollar levels on a regular basis, supported by broad participation rather than theme-driven bursts.
At this end of the spectrum, liquidity was anchored by scale. Execution conditions felt closer to major-exchange norms, reflecting how large issuers naturally support steady secondary-market trading.
#8. Graphite One Inc. (GPHOF): Emerging-Theme Liquidity
Graphite One is a Canada-based graphite developer listed on the TSX Venture Exchange, with OTCQX International trading. It operates within the battery materials and energy transition ecosystem.
GPHOF ranked in the top 10 as investor interest tied to battery supply chains stayed engaged across the year. Trading activity appeared regularly rather than fading after short thematic spikes, supporting a steady increase in dollar volume.
Liquidity reflected how emerging themes can sustain attention when narratives remain active. Execution was more consistent than typically seen among junior materials issuers on OTC markets.
#9. G Mining Ventures Corp. (GMINF): New-Listing Liquidity
G Mining Ventures is a Canadian gold developer listed on the Toronto Stock Exchange, with OTCQX International trading introduced in late 2024. Its placement reflects how quickly U.S. trading became established.
GMINF climbed into the top tier as U.S. participation ramped up and remained active following its OTCQX entry. Dollar volume stayed elevated well beyond initial onboarding, indicating broad adoption rather than novelty trading.
Liquidity here reflected successful integration into U.S. investor workflows. Trading patterns stabilized quickly, supporting consistent execution alongside the Canadian market.
#10. Heliostar Metals Ltd. (HSTXF): Exploration-Stage Liquidity
Heliostar Metals is a Canada-based gold exploration company listed on the TSX Venture Exchange, with secondary trading on OTCQX International. It operates at the early end of the resource development spectrum.
HSTXF ranked within the top 10 as trading interest remained engaged across the year, rather than concentrating around single events. U.S. participation appeared regularly, supporting steady dollar volume for an exploration-stage issuer.
The elevated profile of gold in 2025’s investment landscape helped sustain investor attention on early-stage explorers like Heliostar, translating thematic interest into consistent trading activity.
Liquidity here reflected continued attention rather than episodic speculation. Trading patterns showed repeat engagement uncommon for early-stage names, explaining its placement in the upper tier.
#What This Ranking Band Suggests
At the very top of the OTCQX Best 50, trading activity clustered around a handful of clear themes. Critical minerals and battery materials remained in focus, precious metals producers and developers continued to draw steady attention, and large cross-listed issuers functioned as natural liquidity anchors. Structured products, particularly those offering crypto exposure, added another layer of repeat trading driven by access rather than narrative.
What links these names is not a single story, but the durability of attention. These were stocks investors kept returning to, even as market focus shifted.
Compared with positions 11–50, the top 10 generally reflect interest that stayed put rather than rotating. Liquidity here was reinforced by scale, structure, or persistent themes, while the next band often captures names where trading is strong but more sensitive to timing.
The ranking is best read as a snapshot of where market participation proved most reliable over the period. It highlights where OTCQX functioned as a dependable trading venue, not where business outcomes are assured. The top tier offers context for understanding how and where investor attention is concentrated, and how that attention translates into real, repeatable market activity.
Explore the full 2026 OTCQX Best 50 Ranking through the next ranking bands: