The OTCMarkets were mixed at the end of the week with the OTCQB Venture picking up slight gains while the OTCQX U.S. saw a slight decline.
Omnitek Engineering Corp (OTCQB:OMTK) was a top gainer of the day after the company reported positive first-quarter results, including increased sales and reduced net loss. The California-based company develops diesel-to-natural gas conversion systems for customers looking for alternative energy solutions. Shares were up more 6% to US$0.07.
Glance Technologies Inc (OTCQB:GLNNF) shares were up after the payment system company announced that it has entered into an agreement with Freshslice Pizza, a Canadian pizza chain franchise. The mobile payment app will begin to be introduced to the chain’s more than 70 restaurants. Shares were up nearly 2% to US$0.41.
InMed Pharmaceuticals Inc (OTCQX:IMLFF) was a top decliner of the day after the company’s fiscal third-quarter results reported an earnings loss. The pre-clinical stage biopharma develops cannabinoid-based therapeutics. Shares fell more than 8% to US$0.77.
Oncolytics Biotech Inc (OTCQX:ONCYF, TSX:ONC) shares fell nearly 3% to US$0.60 after the company released its first-quarter results, reporting an earnings loss and an increase in research and development spending. The Calgary-based company is developing an intravenously-delivered virus to treat tumors.