Top 5 OTC-BB and Pinksheets Market Movers
Artfest International, Inc. (ARTI), Lexaria Corporation (LXRP), Odyssey Oil & Energy Inc. (OOGI), Midex Gold Corporation (MDXO), and Nordic Turbines Inc. (NDTI) were among today’s top OTC movers.
Artfest International, Inc. [[ARTI.OB]] shares surged more than 50 percent after it received $370,000 in purchase orders from its recent “Sizzling Summer Saturday” art extravaganza at its 52,000 square foot Expo Center in Dallas, Texas. The company’s new international sales office in Seoul, South Korea accounted for $170,000, or 46% of the orders.
Lexaria Corporation [[LXRP.OB]] shares jumped more than 20 percent after it announced that its July 10th financing was oversubscribed. The company will issue an additional 800,000 shares to have a total of 10,562,370 issued and outstanding, and has received cash proceeds of an additional $40,000. If all derivatives were exercised, the company would receive $3.945 million.
Odyssey Oil & Energy Inc [[OOGI.OB]] shares jumped more than 270 percent to reach a new 52-week high of $1.44 per share in early morning hours when a 42,000 share trade crossed the tape at 9:34am EST. The move was likely due to the stock being featured in PennyStockPickAlert.com, and shares have since retreated to $0.50 per share.
Midex Gold Corporation [[MDXO.OB]] shares surged more than 20 percent as its volatile session this week continues. The company announced a five-for-one forward share split on Wednesday, while also being featured in several penny stock newsletters, which added to the volatility. Traders continue to actively trade the stock in today’s session as well.
Nordic Turbines Inc. [[NDTI.OB]] shares jumped more than 12 percent after it updated shareholders on its proposed wind turbine merger. As part of the pending acquisition, and further to the terms of the new letter of intent, a second secured loan of $2.5 million has been sent to GC Nordic, bringing the total amount to $3.5 million, to be used for inventory and completion of a large turbine order under contract.
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