Major U.S. indices saw declines during trading on Wednesday, December 28, 2016. The Dow Jones Industrial Average dropped 0.56%, the Nasdaq declined 0.89%, and the S&P 500 saw losses of 0.84% on Wednesday. With only two trading days left in 2016, it is likely that investors could be harvesting gains or selling losing investments for tax benefits. Commodities, on the other hand, did see slight gains in today’s trading: gold up 0.40%, silver rallied 0.57%, and crude oil prices saw slight gain of 0.04%.

Overall, micro-cap stocks largely followed their larger peers lower on Wednesday. Eight of the ten micro-cap indices saw declines, which was led by the OTCM QX ADR 30’s 0.69% decline. On the other hand, the OTCQX Canada Index (1.08%) and the OTCQB Venture Index (0.35%) were the only two indices that managed to buck the broad sell-off.

OTC Markets 2016-12-28
OTC Markets 2016-12-28

Today’s Top OTC Winners:

  • Retail Holdings N.V. (OTC Pink: RHDGF) +20.04%: The Curacao-based holding company rallied 20.04%, during trading on Wednesday, December 28, 2016. However, there was no news or press that could be found today. The stock saw volume of 46,647 shares, compared to average daily volume of 9,017 shares over the past month.
  • Airborne Wireless Network (OTCQB: ABWN) +19.01%: The wireless networking company saw shares climb 19.01% on Wednesday, after the company announced it signed an agreement with Electric Lightwave Holdings, Inc. The agreement with help Airborne Wireless Networks with fiber optic cable and data center deployment.
  • Growlife, Inc. (OTC Pink: PHOT) +18.97%: The hydroponics manufacturer rallied 18.97% on Wednesday, December 28, 2016. However, there was no official news or press that could be found. The stock saw volume of 49.71 million shares, compared to average daily volume of 16.55 million shares over the past month.
  • Keweenaw Land Association, Ltd. (OTC Pink: KEWL) +16.43%: The timber and mineral land owner jumped 16.43% on Wednesday, December 28, 2016. The rally comes after Keweenaw Land Association, Ltd. announces they have reached an agreement with Cornwall Capital Management LP. The agreement will add Jan Loeb to the board of directors and create a special committee to help with recapitalization or sale of the company.
  • American Green, Inc. (OTC Pink: ERBB) +16%: The marijuana company shot up 16% on Wednesday, but there was no official news or press that could be located. The stock saw volume of 227.31 million shares, compared to average daily volume of 153.65 million shares over the past month.
  • Americann, Inc. (OTCQX: ACAN) +13.56%: The U.S. cannabis company climbed 13.56% on Wednesday, but there was no press that could explain the source of the rally. The stock saw volume of 260,542 shares, compared to average daily volume of 54,720 shares over the past month.
  • Sharp Corp. (OTC Pink: SHCAY) +11.48%: The Japanese electronics manufacturer rallied 11.48% on Wednesday, December 28, 2016. However, there was no news or press that could explain the rally. The stock saw volume of 552,090 shares, compared to average daily volume of 101,838 shares over the past month.
  • United Cannabis Corp. (OTCQB: CNAB) +10.06%: United Cannabis jumped 10.06% on Wednesday. However, there was no official news from the company. The stock saw volume of 1.1 million shares, compared to average daily volume of 500,666 shares over the past month.

Today’s Top OTC Losers: 

  • Vitality Biopharma, Inc. (OTCQB: VBIO) -36.92%: The specialty biopharmaceutical company saw shares crater 36.92% on Wednesday, December 28, 2016. However, there was no official news or press to explain why shares crashed today. The stock saw volume of 2.25 million shares, compared to average daily volume of 467,077 shares over the past month.
  • Novus Acquisition & Development Corp. (OTC Pink: NDEV) -29.32%: The acquisition and development company saw shares dive 29.32% on Wednesday, December 28, 2016. However, there was no news or press out today to explain the source of the declines. The stock saw volume of 3.59 million shares, compared to average daily volume of 1.02 million shares over the past month.
  • Toshiba Corp. (OTC Pink: TOSYY) -22.75%: The Japanese electronics giant saw shares decline 22.75% on Wednesday, as the company warned investors that it may see “billions in losses” from its U.S. nuclear energy construction business. The company also saw its credit rating cut and placed on review for further cuts down the road.
  • Cannabis Science, Inc. (OTC Pink: CBIS) -10.70%: The cannabis company saw shares decline 10.70% on Wednesday, December 28, 2016. However, there was no official news to explain the source of the declines. The stock saw volume of 93.73 million shares, compared to average daily volume of 28.38 million shares over the past month.

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