Top 3 OTC-BB and Pink Sheet Market Movers
MedClean Technologies Inc. (MCLN), ERHC Energy Inc. (ERHE), and Sino Payments, Inc. (SNPY) were among today’s top OTC market movers.
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MedClean Technologies Inc. (MCLN), which provides medical waste solutions, saw its shares rise more than 20 percent after former Piper Jaffray’s Technology analyst Rob Goldman initiated coverage on the company with a Speculative Buy rating and a near-term price target of $0.14 and an early 2010 price target of $0.40 per share.
ERHC Energy Inc. (ERHE), an independent oil and gas company, saw its shares rise more than 5 percent after announcing that Addax Petroleum has commenced drilling the Oki East well this week, in which ERHC Energy has a 19.5% interest. Drilling is expected to take about five weeks, although actual timing is dependent on many factors.
Sino Payments, Inc. (SNPY), a development stage company seeking to provide credit and debit card processing services to retailers in Asia, saw its share jump more than 40 percent after announcing that it has completed e-commerce integration for processing credit and debit cards in most major currencies across 40+ countries worldwide.
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