Top 5 OTC-BB and Pinksheets Market Movers
OptiCon Systems Inc. (OPCN), Citadel Broadcasting Corporation (CTDB), Advaxis, Inc. (ADXS), Juniper Group, Inc. (JNIPE), and GeoVax Labs, Inc. (GOVX) were among today’s top movers.
OptiCon Systems Inc. [[OPCN.OB]] shares jumped nearly 20 percent after it signed a non-exclusive Sales Representative Agreement with Cheryl Jacobs of South Africa, to sell the OptiCon Fiber Management Software to local telecommunications and private companies in South Africa. The country is also hosting the World Cup Soccer Tournament in 2010, which investors believe could spark increased demand.
Citadel Broadcasting Corporation [[CTDB.OB]] shares jumped more than 35 percent after breaking a key 50-day moving average. The technical breakout occurred on higher-than-average volume as traders rushed into the stock. The next major resistance is at $0.14 per share, although many traders expect some profit-taking at the end of this session or during next week’s session.
Advaxis, Inc. [[ADXS.OB]] shares spiked more than 20 percent after it entered into a formal business agreement with the Sage Group to introduce potential partnership candidates and develop new licensing opportunities. The Sage Group is a leader in the provision of strategic and transactional consultancy services to U.S. and European healthcare and life science companies.
Juniper Group, Inc. [[JNIPE.OB]] shares jumped more than 30 percent after it announced that its wholly owned telecommunications subsidiary has signed a Master Service Agreement with Communications Construction Group, Inc., one of the nation’s largest and most respected full service construction companies servicing the country’s leading telecommunications providers.
GeoVax Labs, Inc. [[GOVX.OB]] shares moved up more than 12 percent after it announced better-than-expected first quarter results. The company reported a net loss of $861,509 that were partially offset by grant revenues of $710,155 related to its HIV/AIDS vaccine development. Meanwhile, the company maintained a cash balance of approximately $1.9 million.
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