OTC Market Movers: April 23, 2012

April 23, 2012

On The Upside:

Shares of Rackwise, Inc. (OTCQB: RACK.OB) shot up nearly 39% to $1.18 after the company announced that the U.S. Army Corps of Engineers is expanding its deployment of the company’s DCiM™ Solutions.

Two California banks, Santa Cruz County Bank (OTCQB: SCZC.OB) and Folsom Lake Bank (OTCQB: FOLB.OB), were up 16.67% to $14.00 and 26.98% to $8.00, respectively, after both banks announced positive earnings last week.

The stock of Osage Exploration and Development, Inc. (OTCQB: OEDV.OB) popped 13.64% to $1.25 after the company announced  that the 72-hour initial production rate on the Wolf1-29 well averaged over 1185 barrels of oil equivalent per day composing of approximately 85% oil and 15% high BTU natural gas.  Osage has a 25% working interest and a 19.5% revenue interest.

On The Downside:

Wal-Mart De Mexico S.A.B. de C.V. (OTCQX: WMMVY.PK) dropped over 13% to $28.735 after a New York Times article revealed that an email and follow-up conversations from a former executive described that the company “had orchestrated a campaign of bribery to win market dominance” in Mexico.


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