Top 5 OTC-BB and Pinksheets Market Movers
Spongetech Delivery Systems, Inc. (SPNG), EMTA Holdings, Inc. (EMHD), Axion Power International Inc. (AXPW), EClips Energy Technologies, Inc. (ECET), and Advanced Voice Recognition (AVOI) were among today’s top movers.
Spongetech Delivery Systems, Inc. [[SPNG.OB]] shares extended their rally as investors look forward to sharply higher earnings. Earlier this month, the company unveiled a nationwide advertising campaign that surpassed management’s expectations by a wide margin. The results of this campaign will be seen during the company’s next earnings report to be released at an undisclosed date.
EMTA Holdings, Inc. [[EMHD.OB]] shares moved sharply higher as investors continue to support its trucking trial results last month. The company’s green fuel efficiency products helped reduce trucking fuel consumption by approximately 5.4 percent. Meanwhile, the company plans to publish the full results of these trial results in leading industry publications in hopes of driving sales.
Axion Power International Inc. [[AXPW.OB]] shares moved sharply lower as investors took some profits after a big move upwards. The company’s stock is trading up more than 100 percent after the company announced a worldwide supply agreement with Excide Technologies to produce its revolutionary PcB batteries. This agreement should help validate the company’s technology in worldwide markets.
EClips Energy Technologies, Inc. [[ECET.OB]] shares moved up more than 100 percent in mid-day trading as technical traders cited a breakout of a key support level. With volume of more than 1.2 million shares, the move is seen as a strong one to the upside. However, investors should be careful to watch for profit taking later in today’s session or during tomorrow’s session.
Advanced Voice Recognition [[AVOI.OB]] shares moved sharply higher after technical traders cited a breakout of a key resistance level. However, with only 125,856 shares traded in mid-day hours, the move higher may not be sustainable.
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