After tumbling in the market yesterday, the major indices produced positive numbers this afternoon. The Dow, Nasdaq and S&P saw a rise of more than 1 percent today to make up for yesterday’s losses. These events tend to trickle down to the micro-cap space resulting in substantial gains for several stocks at the market’s close today.Brinx Resources Ltd.’s (OTCBB: BNXR) share price closed up 18 cents to 51 cents, or an increase of 55 percent. Today, Brinx traded on volume of 30,850 – the most the company has seen over the past week. Brinx announced today the company had commenced drilling at its Three Sands Project in Oklahoma. The commencement of the Three Sands Project will further the exploration efforts of Brinx.
NextPhase Wireless Inc. (OTCBB: NXPW) was able to capitalize on a positive press release and favorable market conditions today with a substantial gain in its share price. NextPhase closed up 17 percent, or 2 cents, to 14 cents on volume of 176,110. The company issued a statement today regarding its plans to install a full portfolio of wired and wireless broadband services to businesses, residents and visitors of historic Hollywood Boulevard.
After seeing a very favorable increase in its stock price yesterday amongst some tension in the market, XL Generation International (OTCBB: XLGI) was able to rally again to finish the day with a stock increase of 31 cents. This 31-cent increase improved the stock price to 91 cents, up 52 percent from yesterday. Over the past week XL Generation has increased its stock price almost 200 percent – climbing from 32 cents last Tuesday to a market close of 91 cents today.