Traders Piled Into Cannabis, Crypto, and Gold Securities On OTC Markets In August

Dollar volume on the OTCQX Market rose roughly 8.6% in August from July, with much of that increase coming from heightened trading activity in a select number of industries. 

Of the top 30 most actively traded securities on the OTCQX Market last month, the names with the greatest month-over-month increases in volume all fit into three buckets: cannabis, crypto, and gold. 

North and South American mining company GoldMining Inc. (OTCQX: GLDLF) experienced the greatest increase from July to August, as dollar volume rose 344%. Grayscale Digital Large Cap Fund LLC (OTCQX: GDLC) followed with a 312% monthly increase, while Trulieve Cannabis Corporation (OTCQX: TCNNF) and Green Thumb Industries Inc. (OTCQX: GTBIF) increased 163% and 112% respectively. 

The pattern is hardly a surprise. In an industry buoyed by the fact that many dispensaries were allowed to remain open during quarantine, Trulieve and Green Thumb have been among the best-performing cannabis companies this year. Both companies have seen their shares rise over 300% from the bottom in mid-March.

And with the major indexes rising to new all-time highs in the midst of a global pandemic, some investors have sought alternatives to U.S. equities—such as gold and cryptocurrencies. Along with GLDC, the …

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More Traders Piled Into Cannabis, Crypto, and Gold Securities On OTC Markets In August