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NEW YORK - Sparta Commercial Services, Inc. (OTCQB:SRCO), a micro-cap company with a market capitalization of $4.1 million, has successfully uplisted its common stock from the OTC Pink Market to the OTCQB Venture Market, the company announced Thursday.
The uplisting, approved by OTC Markets Group Inc., allows Sparta’s shares to continue trading under the same "SRCO" ticker symbol on the OTCQB effective immediately. The stock, currently trading at $0.10, has experienced significant volatility, falling nearly 48% over the past six months.
"Sparta’s elevation to the OTCQB gives us greater market visibility and provides an introduction to investors unfamiliar with the Company," said Anthony Havens, Sparta’s CEO, according to the company’s press release.
The OTCQB Venture Market is considered a step up from the OTC Pink Market, with additional compliance and quality standards required for listing.
Sparta Commercial Services, founded in 2004, operates through four subsidiaries: Agoge Global USA, Inc., iMobile Solutions, Inc., New World Health Brands, Inc., and Sparta Crypto, Inc. The company’s primary subsidiary, Agoge Global USA, provides finance, facilitation, and communications services within the import/export sector.
The announcement comes as part of the company’s efforts to expand its investor base, according to the statement released by the firm.
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