The OTC market has started to see a spike in market momentum as various penny stocks continue to attract more attention from traders and small cap investors. Material news and corporate updates have ignited these small cap penny stocks in the beginning of June.
Actinium Pharmaceuticals Inc. (NYSE:ATNM)- a biopharmaceutical company developing innovative-targeted payload immunotherapeutic for the treatment of advanced cancers, announced on June 9th that Phil Frost was the lead finance of registered direct offering of $5.0 million of its common stock. The stock has surged 13.53% from its 2 day low of $2.66 to its high $3.02. ATNM plans on using the net proceeds for general corporate purposes.
LightPath Technologies Inc. (NASDAQ: LPTH) on Tuesday (LPTH) saw heavy trading and gains of 62.7% seeing a high of $2.49 after the company announced its infrared 40 degree Field of View modified optical lens assembly was selected for use in the manufacturing of firefighting thermal imaging cameras.
Kongzhong Corp. (NASDAQ:KZ)- a leading online games publisher and developer in the PRC has seen solid market momentum this week. The stock is up 13.06% this week trading over 80% of its 3-month avg. volume. (KZ) is currently trading at $7.43.
Recon Tecnology Ltd. (NASDAQ:RCON) a leading independent oilfield services provider operating primarily in China, put out a press release on Wednesday that the company has received Contractor Qualification from Jianghan OilField Construction Engineering Company. The Qualification labels RCON as a general contractor (subcontractor) to participate in certain construction and engineering projects at JOCEC ranging from the expansion and renovation of existing facilities to the construction of new facilities. RCON price spiked to a high of $2.95 and saw gains of has seen 80.98% today.
FBEC WorldWide Inc. (OTCMKTS: FBEC)- a beverage company with intellectual property formulas and marketing capability for the production and distribution of proprietary beverages including H.E.M.P.™-branded energy shots and drinks yesterday June 9th provided a corporate update to shareholders. FBEC has made strides in 2015 in the cannabis space being compared to companies like Totally Hemp Crazy Inc. (THCZ). The stock is up an impressive 86.3% in the last 5 days. FBEC closed yesterday at $0.11 nearing a new 52-week high.
Voltari Corp. (NASDAQ:VLTC)- Has seen a modest 8.82% gains today, its trading between $6.57-$7.15. On May 22nd billionaire investor Carl Icahn increased his stake in (VLTC) by 598.85% giving him a total of 4,739,620 shares held.