Top 5 OTC-BB and Pinksheets Market Movers
Applied DNA Sciences Inc. (APDN), Advanced Life Sciences Holdings Inc. (ADLS), Northern Explorations Ltd. (NXPN), Spongetech Deliver Systems Inc. (SPNG), and Environmental Solutions Worldwide Inc. (ESWW) were among today’s top movers.
Applied DNA Sciences Inc. [[APDN.OB]] shares moved higher after it successfully marked over 500,000 pounds of raw cotton fiber with a naturally derived botanical marker called SigNature DNA, as part of a pilot study conducted in collaboration with one of America’s largest cotton growers. Investors are excited about this precursor to large scale production, as it could finally mean the commercialization of the SigNature technology.
Advanced Life Sciences Holdings, Inc. [[ADLS.OB]] shares continued their rally as investors speculate on the Food and Drug Administration’s (FDA) decision on its New Drug Application (NDA) for Restanza (cethromycin) for the treatment of adults with mild-to-moderate community acquired pneumonia. A conference call is schedule tomorrow for the results of today’s meeting, which investors are betting will be a positive one.
Northern Explorations Ltd. [[NXPN.OB]] shares moved lower after yesterday’s sharp rally on news of its partnership agreement with Swiss-based Dominus Energy. The agreement gives Norex a 63% working interest in the project with a 47.5% net revenue interest in exchange for covering all of the cost of drilling and completion of the gas wells. A good deal, but future fundraising via debt or equity will likely be necessary to cover these costs.
Spongetech Delivery Systems, Inc. [[SPNG.OB]] shares moved marginally higher on large volume after it received nearly $15 million in orders for the month of May. The company announced that it sees continued momentum in the marketplace and with the new children’s bath sponge coming out soon, management is anticipating the drive in sales should increase exponentially, as it brands itself as “America’s Cleaning Company.”
Environmental Solutions Worldwide Inc. [[ESWW.OB]] shares surged higher after its wholly owned subsidiary ESW Canada Inc. received notification from the California Highway Patrol that its ThermaCat Active Level III Plus catalyst system has passed the first inspection stage for usage on school buses carrying children on California roads. The device reduces diesel emissions and using a diesel fuel based real-time active regeneration technology.
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