Top 5 OTC-BB and Pinksheets Market Movers
Medical Connections Holdings, Inc. (MCTH), Sunrise Solar Corporation (SSLR), IX Energy Holdings, Inc. (IXEH), Nevada Gold Holdings, Inc. (NGHI), and Smith-Midland Corporation (SMID) were among today’s top movers.
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Medical Connections Holdings, Inc. [[MCTH.OB]] shares jumped more than 10 percent after it announced plans to close its first acquisition later this week. According to President Anthony Nicolosi, the acquisition will help evaluate controls and procedures in integrating operating systems and information technology. An announcement is anticipated this week.
Sunrise Solar Corporation [[SSLR.OB]] shares surged more than 15 percent after technical traders took advantage of a reversal pattern. After a rough week of dropping from $0.90 to nearly $0.50, technical traders saw a v-bottom pattern and reversed the trend on higher-than-average volume. Fundamentally, the company continues to show strong prospects going forward.
IX Energy Holdings, Inc. [[IXEH.OB]] shares moved more than 13 percent higher on heavy volume as the stock broke out from its weekly trading range. The move also comes shortly after the company purchased a 12-megawatt solar module production line from Spire Corporation using funds from the U.S. economic stimulus plan.
Nevada Gold Holdings, Inc. [[NGHI.OB]] shares jumped more than 15 percent on heavy volume after it filed its 10-K filing with the SEC. The company holds a lease on one property in northern Nevada that it intends to explore and, if warranted, mine for gold. The company has not yet begun mining operations, but believes that the areas geology are typical of those in a gold trend.
Smith-Midland Corporation [[SMID.OB]] shares surged more than 30 percent on heavy volume after breaking a long-term resistance level. The move also comes shortly after the company announced net income of $421,000 on revenues of $29.9 million for 2008. The profitable company also showed a backlog and letter of intent of $17.6 million at the end of the year.
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