Top 3 OTC-BB and Pink Sheet Market Movers
Defense Solutions Holding, Inc. (DFSH), Washington Mutual, Inc. (WAMUQ), and Uranium Resources, Inc. (URRE) were today’s top OTC stocks worth watching.
Defense Solutions Holding, Inc. (DFSH), an international project management and consulting firm, saw its shares jump more than 40 percent after issuing a Performance Bond to the Government of Iraq following successful negotiations of a major foodstuff contract valued at more than $60 million. Deliver will be completed over the next 60-days, but few details of the financial impact (ie. margins) were discussed in the release.
Washington Mutual, Inc. (WAMUQ), a consumer and small business banking company in the U.S., saw its shares rise more than 15 percent after a judge refused to disband a shareholder committee that the company argued would complicate the case. The bank insisted that since it filed for bankruptcy in 2008 that it is hopelessly insolvent, and therefore there is no need for an official committee of shareholders.
Uranium Resources, Inc. (URRE), which acquires and develops uranium properties, saw its shares jump more than 10 percent amid optimism in the industry due to President Obama’s call for increased nuclear power initiatives in the U.S. Uranium, like that mined by Uranium Resources, is a key component of nuclear power, which put the company in the spotlight after the President’s State of the Union Address.
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