Top 5 OTB-BB and Pinksheets Movers
Thermadyne Holdings Corporation (THMD), WWA Group, Inc. (WWAG), mPhase Technologies, Inc. (XDSL), Marani Brands, Inc. (MRIB), and GoldSpring, Inc. (GSPG) were among today’s top movers.
To syndicate this article, or for more information, please contact us online or call (406) 862-5400.
Thermadyne Holdings Corporation [[THMD]] shares jumped nearly 20 percent after it reported its first quarter earnings. The global supplier of cutting and welding products swung to a loss with a net loss of $2.5 million on sales of $83.3 million. However, investors were encouraged by management comments that the worst is over and 2009 should improve.
WWA Group, Inc. [[WWAG.OB]] shares jumped more than 20 percent after its parent company, Intelspec International, filed to go public. The company owns a 32 percent interest in WWA Group and desires to create a public valuation for its shareholders while developing an organization with access to finance through the public equity markets.
mPhase Technologies, Inc. [[XDSL.OB]] shares moved up more than 25 percent after it announced a co-branding agreement with a “globally recognized” industrial design company. The agreement provides high-end brand recognition with a global reach through a partnership with an established and trusted brand. Investors are bullish on the news, as it may help the company’s existing marketing efforts.
Marani Brands, Inc. [[MRIB.OB]] shares moved up more than 10 percent after it received its first purchase order from a distributor in India. Fairmacs Shipstores Pvt. Ltd. ordered 1,200 cases of Marani ultra-premium vodka after an agreement was signed back in March for the company to handle the warehousing and distribution of its products in India. Investors are hopeful that this is only the first order of many to come from one of the world’s most populated countries.
GoldSpring, Inc. [[GSPG.OB]] shares rose more than 30 percent after it announced a record date for its minable gold and silver reserves. The inventory data from the firm’s scoping report from its Hartford/Lucerne complex in the Comstock District of Nevada will be released within ten business days via PRNewswire, according to the company’s press release. Investors are bullish that this report will contain positive results to drive future earnings.
CONTACT: 888-288-5215 · Please read our Full Disclaimer pertaining to this article.