Top 3 OTC-BB and Pink Sheet Market Movers
Bontan Corporation Inc. (BNTNF), International Stem Cell Corp. (ISCO), and Medical Connections Holdings Inc. (MCTH) are three OTC market movers during today’s session.
Bontan Corporation Inc. (BNTNF), a diversified natural resource company, saw its shares rise more than 40 percent after announcing the results of the Evaluation Report prepared by Chapman Petroleum Engineering Ltd. on two prospects located on the Mira and Sarah Drilling Licenses. The best estimate of gross prospective sales gas resources is 4.24 Tcf for the Mira Prospect and 1.47 Tcf for the Sarah Prospect.
International Stem Cell Corp. (SCO), a biotechnology company focused on therapeutic products and research products related to stem cells, saw its shares drop more than 15 percent as traders took profits off the table from the stock’s massive run-up. Monday’s rally past $1.75 per share capped a 100%+ move during the past month for the stem cell company, as shareholders also look ahead to a conference call on February 5, 2010 to discuss the firm’s long-term plans.
Medical Connections Holdings Inc. (MCTH), an employment and executive search firm, saw its shares rise more than 25 percent after being featured in a popular investment newsletter. Recently, the firm also announced plans to Accelerize its current business trend as it completes the final stages of due diligence with regards to its acquisition of a national healthcare staffing company whose 2008 revenues exceeded $50 million.
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