Top 5 OTC-BB and Pinksheets Market Movers
Cobra Oil & Gas Company (CGCA), China Advanced Const. Mat. Grp. Inc. (CADC), BioElectronics Corporation (BIEL), Ingen Technologies, Inc. (IGNT), and Saro Corporation (SARO) were among today’s top OTC movers.
Cobra Oil & Gas Company [[CGCA.OB]], an exploration stage oil and gas company, saw its shares jump more than 20 percent after Cohen Independent Research Group issued a “BUY” rating on the stock with a $3.65 per share price target. The full report can be found on the company’s web site at www.cobraoilgas.com or Cohen’s website at www.cohenresearch.com.
China Advanced Const. Mat. Grp. Inc. [[CADC.OB]], a holding company focused on producing and supplying a range of ready-mix concrete materials for construction projects, saw its shares jump more than 30 percent after receiving new contracts last week totaling $4.1 million for the Hangzhou-Ningbo Railway. Investors remain bullish on these prospects going forward.
BioElectronics Corporation [[BIEL.PK]], a developer of drug-free anti-inflammatory patches for a range of medical indications, saw its shares jump more than 12 percent after its products received substantial press attention due to concerns about Tylenol, acetaminophens, and NSAIDs have received negative publicity due to health issues raised by regulators and the media.
Ingen Technologies, Inc. [[IGNT.PK]], an emerging medical device manufacturer, saw its shares rise around 20 percent this week after receiving a $100,000 purchase order from an oxygen supplier for 40,000 Oxyview-Nasal Cannulas. The move is an indication that the new Oxyview Nasal Cannula is attractive to oxygen suppliers on a global basis.
Sars Corporation [[SARO.PK]], a provider of remote asset management and telematics solutions that deliver business intelligence about fixed and mobile assets, saw its shares rise more than 250 percent since Friday following its acquisition of installation and monitoring businesses. Investors are hoping that the acquisitions will help drive top and bottom line growth moving forward.
CONTACT: Daniel Minton, Managing Director, 406-862-5400, daniel@accelerize.com