Major Market Movers on the OTC (VOIS, GPLS, ILVC, KABX)
July 17th, 2010 at 3:53 am Posted by
The Dean would like to draw you attention to 4 market movers on the OTC Bulletin Board on July 16, 2010:
Vois, Inc. (OTC: VOIS) $0.0099 +$0.0069
Shares of Vois, Inc. (OTC: VOIS), provider of online social networking platform for business matching opportunities such as outsourcing and freelancing, posted a stunning 230% decline to close at $0.0099 a share. Trading volume was 34 times higher than the average daily turnover. With today’s gain, VOIS has pierced through its 50-day exponential moving average, but remains about 17.5% lower compared to the price at the beginning of the year.
Geopulse Exploration Inc. (OTC: GPLS) $1.05 +$0.70
The second biggest gain on the OTC was recorded by Geopulse Exploration Inc. (OTCBB: GPLS), a development-stage minerals mining company. Trading volume was 15,000 shares, which is the highest since the company’s listing. Geopulse Exploration, Inc. has not made any money since the beginning of the year.
Intelligent Living Corp. (OTC: ILVC) $0.03 +$0.0019
Intelligent Living Corp. (OTC: ILVC), through its subsidiary, MCM Integrated Technologies, Ltd. (MCM), produces, sells, and services home automation solutions, energy-use monitoring and conservation systems. ILVC shares had one of the largest percentage increases on the OTC, surging 172.72% to close at $0.03 a share. Trading volume was buoyant, totaling nearly 4 times the average daily trading volume. Notwithstanding today’s gain, ILVC shares are three-quarters below their level at the beginning of the year. The company did not make any announcements today.
Kabe Exploration Inc. (OTC: KABX) $0.44 +$0.24
Kabe Exploration Inc. (OTC: KABX) is a shell company that is exploring options for its business strategy. It does not have any operations and makes no money. Yet, KABX shares rose a stunning 120% on Friday, hitting a new 52-week high on exceptionally robust trading volume of 87.5 times the KABX average daily volume. No announcements have been publicly circulated by the company. However, the company may have benefited from a recently issued Reuters Investment Profile.
