OTC Market Movers: March 15, 2012

March 15, 2012

On The Upside:

Shares of Latitude Solutions, Inc. (OTCQB: LATI.OB) popped 18.52% to $1.60 after the company announced agreements with two companies for the pilot test deployment of its Integrated Water Systems™ technology to service coal fired power utilities.

Viterra, Inc. (OTCPink: VTRAF.PK) issued a statement regarding the reports that there are third party expressions of interest of at least C$16 per common share.  Shares rose nearly 10% to $16.22.

The stock of Origen Financial, Inc (OTCPink: ORGN.PK) was up 9.42% to $1.41 after the company announced an improvement in its net loss for the fourth quarter and year ended December 31, 2011.  The company’s board of directors also declared a common stock dividend of $0.15 per share as a return of capital.



On The Downside:

Rotech Healthcare, Inc. (OTCQB: ROHI.OB) announced disappointing 2011 results sending the stock down 24.12% to $1.29.

Shares of Niko Resources Ltd. (OTCPink: NKRSF.PK) fell 7.24% after the company announced a downward revision in reserves at its D1/D3 fields.

 

 

 

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