OTC Market Movers: December 13, 2011

December 13, 2011

On The Upside:

Raystream, Inc. (OTCQB: RAYS.OB) was up 8% after the company announced yesterday that a free trial of its HD video compression service will be available to any business offering HD video content online starting Friday, December 16, 2011.

Olympus Corp. (OTCPink: OCPNY.PK) recovered another 6.71% and has been moving higher for most of December.  It was announced today that the committee of outside experts setup by Ernst & Young ShinNihon LLC to examine its auditing of Olympus plans to deliver an interim report by the end of the year.

Petrobakken Energy, Ltd. (OTCPink: PBKEF.PK) was up 4.62% after the company gave an operational update and released 2012 guidance and an initial capital plan for 2012.

On The Downside:

Gold stocks were among the biggest losers on the OTC Market today as gold fell to a 7-week low and continued to drop in after hours.  Below are a few of the stocks that were hit the hardest:

Witwatersrand Consolidated Gold Resources Ltd. (OTCPink: WIWTY.PK) down 14.5%

Centerra Gold, Inc. (OTCPink: CAGDF.PK) down 10.43%

Lion One Metals Ltd. (OTCQX: LOMLF.PK) down 10.4%

Detour Gold Corp. (OTCPink: DRGDF.PK) down 9.84%

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