Top 3 OTC-BB and Pink Sheet Market Movers
Genova Biotherapeutics, Inc. (GVBP), Manhattan Scientifics Inc. (MHTX), and American Lithium Minerals Inc. (AMLM) were among today’s top OTC market movers.
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Genova Biotherapeutics, Inc. [[GVBP.OB]], a biotechnology company fighting infectious diseases and cancer, saw its shares rise more than 20 percent after filing a patent for a potential blockbuster drug target that combats breast cancer. Tetanolic acid is a tailor made lipid which induces cell death in breast cancer cells, thus curtailing development of the cancer.
Manhattan Scientifics Inc. [[MHTX.OB]], a development stage company engaged in acquiring and licensing technologies, saw its shares jump 50 percent after being featured in a prominent investment newsletter. The news also comes shortly after the firm filed its first quarter earnings, showing a loss of $333,000 on no revenues.
American Lithium Minerals Inc. [[AMLM.OB]], a development stage company investigating acquisitions in the lithium industry, saw its shares rise nearly 5 percent, continuing its strong rally. Demand for lithium is expected to rapidly increase as lithium-ion batteries become increasingly prominent for use in everything from automobiles to cell phones.
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