Top 3 OTC-BB and Pink Sheet Market Movers
Proginet Corporation (PRGF), Chembio Diagnostics, Inc. (CEMI), and Paid, Inc. (PAYD) were among today’s top OTC market movers.
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Proginet Corporation [[PRGF.OB]], which develops security software focused on critical aspects of data and identity security, announced preliminary financial results for the fiscal year of $9.3 million in revenues compared to $7.6 million a year ago. Meanwhile, the company increased its cash position to $1.1 million and continues to carry no debt.
Chembio Diagnostics, Inc. [[CEMI.OB]], which develops diagnostic tests that detect infectious diseases, saw its shares jump more than 20 percent after reporting a profit in the second quarter as its HIV testing sales increased 174 percent on lower expenses. The company also held a conference call this morning at 10:00AM EST.
Paid, Inc. [[PAYD.OB]], which provides businesses and other clients with marketing and web-related services, saw its shares break out after surpassing a key technical resistance level. The move also comes after last month’s announcement of a partnership with Napa Valley’s prestigious Blackbird Vineyards to develop and expand its online community.
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