Castle Trading on OTCQX Best Market
By Metal Center News Staff
on Jan 13, 2019
& Co., Oak Brook, Ill., has qualified to trade on the OTCQX Best Market after previously trading on the OTCQB Venture Market. The OTCQX Best Market is reserved for companies meeting high financial standards, adhering to best corporate governance and compliance practices and requires a professional third-party sponsor introduction.
“Trading on the OTCQX will increase A.M. Castle’s exposure to the investor community and help support our growth initiatives in the years ahead,” said Chairman and CEO Steve Scheinkman of A.M. Castle & Co. “Upgrading to OTCQX evidences A.M. Castle’s successful transformation since completing our financial restructuring in 2017. Moreover, we have now demonstrated an ability to generate positive EBITDA in excess of cash interest and are continuing to focus on improving the profitability of our core operations and executing strategic growth initiatives.”
A.M. Castle’s trading on the OTCQX Best Market began Jan. 10 under the ticker symbol CTAM.