Two Unusual Mid-Day OTC Market Movers – SUNV, NXTH
Sunovia Energy Technologies, Inc. (SUNV) and NXT Nutritionals Holdings, Inc. (NXTH) are two unusual mid-day OTC market movers to watch during today’s session.
Sunovia Energy Technologies [[SUNV.OB]], which develops and markets solar powered substrate and LED lighting technologies, saw its shares breakout 15 percent higher on nearly five times its average volume and no new news. However, the company did issue a letter to shareholders on October 21, 2009 that outlined its progress in developing both solar and LED technologies, which may be the driving force behind the continued rally.
In the newsletter, the company announced the successful fabrication of single-junction and two-junction cadmium telluride based solar cells that have far surpassed the long-standing world record open circuit voltage for thin film CdTe solar cells by over 45 percent. The breakthroughs are significant because the amount of electric power generated by a solar cell is directly proportional to its open circuit voltage.
NXT Nutritionals Holdings, Inc. [[NXTH.OB]], which is a development stage company focused on marketing its table-top sweetener alternative SUSTA Nectar, saw its shares breakout more than 60 percent on more than double its average volume. The move comes after the stock mysteriously dropped more than 50 percent during yesterday’s session on no news. However, a letter from the CEO helped relieve investor concerns during today’s session.
In the letter, CEO Michael McCarthy provided investors with management’s vision for the company in the remainder of 2009 and beyond. He believes that the company is uniquely positioned to capture a significant share of the alternative sweetener market with its game-changing SUSTA Natural Sweetener. This alternative has no negative side effects associated with sugar or chemicals, and offers several health benefits as well.
CONTACT: Daniel Minton, Managing Director, 406-862-5400, daniel@accelerize.com