StockNews.AI
LICY
StockNews.AI
174 days

Li-Cycle Announces Approval to Trade on the OTCQX® Best Market

1. Li-Cycle approved for OTCQX trading, expected to start February 27, 2025. 2. Move aims to reduce costs and enhance efficiency for the company.

2m saved
Insight
Article

FAQ

Why Bullish?

Trading on OTCQX may increase visibility and accessibility for investors, potentially boosting demand. Historical moves to higher trading tiers often correlate with positive stock price movements, particularly when companies streamline operations.

How important is it?

The transition to OTCQX represents a strategic move that can lower operational costs and enhance market presence, making it significant for LICY's growth strategy.

Why Long Term?

The benefits of improved visibility and potential cost savings will compound over time, positively influencing stock performance beyond the immediate future. Similar OTC transitions have generally resulted in sustained investor interest and confidence.

Related Companies

LICYFTSLARLGYGCLALB
TORONTO--(BUSINESS WIRE)--Li-Cycle Holdings Corp. (NYSE:LICY) (“Li-Cycle” or the “Company”), a leading global lithium-ion battery resource recovery company, today announced that its common shares have been approved to trade on the OTCQX® Best Market, and that it expects its common shares to commence trading on OTCQX under the symbol “LICYF” on February 27, 2025, when it expects to be eligible for quotation. “Moving to OTCQX is expected to reduce our costs while continuing to provide us efficien.

Related News