OTC Market Movers: April 20, 2012

April 20, 2012

On The Upside:

Cancer drug developer Puma Biotechnology (OTCQB: PBYI.OB) saw its shares pop 35% to $13.50 per share.  There was no new news from the company, however its stock just began trading on April 18, 2012.

The shares of thinly traded Chinese company Ziyang Ceramics Corporation (OTCQB: ZYCI.OB) shot 33.33% higher after the company’s CEO released a letter to shareholders.

Sterling Resources Ltd. (OTCPink: SGURF.PK) was up 18.32% to $1.7357 on news that is has signed an agreement to sell a 13.5% interest in the North Cladhan (Blocks 210/29a and 210/30a) for $47 million.  In addition, it has improved the terms of the Breagh loan facility and provided an update on it activities as well as a plan for the remainder of 2012.



On The Downside:

Shares of Supergroup Plc (OTCPink: SEPGY.PK) dropped over 38% to $6.10 after the company issued another profit warning stating that pretax profit for the year ended April 29, 2012 will come in at about £43 million.

 

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