OTC Market Movers: April 24, 2012

April 24, 2012

On The Upside:

The stock of Gold Canyon Resources, Inc (OTCPink: GDCRF.PK) advanced 16.26% to $1.244 after the company announced assays from its 2012 winter drill program at its Springpole Gold Project located just northeast of the Red Lake Mining Camp, Ontario, Canada.  Details can be found on the company’s website.

Vertex Energy, Inc. (OTCQB: VTNR.OB) announced it expects first quarter of 2012 revenue to increase at least 50% and gross profit and net income to each increase by more than 20%.  The stock was up over 12% to $2.30 on the news.

On The Downside:

Shares of JBS S.A. (OTCQX: JBSAY.PK) slid 12.5% to $7.42 after European Union stated it may ban imports of beef from the company in retaliation for Argentina’s seizure of the country’s largest oil company, YPF SA.

Burnham Holdings, Inc. (OTCPink: BURCA.PK) reported earnings that showed revenues were nearly flat and only a modest improvement in the net loss for the first quarter sending shares down 8.57% to $16.00.


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