OTC Market Movers: March 14, 2012

March 14, 2012

On The Upside:

Shares of Flatbush Federal Bancorp, Inc (OTCQB: FLTB.OB) shot up 102% to $6.10 after the bank agreed to be acquired by Northfield Bancorp, Inc. (NasdaqGS: NFBK) in an all stock transaction valued at $6.50 per share.

The stock of Horizon Lines, Inc. (OTCQB: HRZL.OB) continues to be strong since it announced on March 2, 2012 that it was increasing rates.  The stock shot up over 60% today to $8.50 per share today and is up 155% since the rate increase announcement.

Very positive first quarter results sent shares of International Baler Corp. (OTCQB: IBAL.OB) up nearly 31% to $2.55.

On The Downside:

Coastal Energy Company, Ltd (OTCPink: CENJF.PK) announced results from its Bua Ban South A-01 well in Thailand.  Investors were not impressed and sent the shares down 15.70% to $17.20.

Gold stocks took a beating on weakness in the metal.  Avion Gold Corp. (OTCQX: AVGCF.PK) was down 7% to $1.40, Gold Canyon Resources, Inc. (OTCPink: GDCRF.PK) was down nearly 8% to $1.85 and Detour Gold Corp. (OTCPink: DRGDF.PK) fell 7.59% to $24.61.


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