Small Cap News Movers for 6/19/09

Smith & Wesson Holding Corp. (NASDAQ: SWHC) announced yesterday that it has entered into a definitive agreement to acquire Universal Safety Response, Inc. (USR), a privately held, full-service security systems solutions provider, for up to 9.7 million shares of common stock and up to $26.2 million in cash. The company also reported certain preliminary, financial information from its fourth quarter of fiscal 2009, including year over year increases in revenue, gross margins, product backlog, and cash balances. The stock closed at $6.03, up 22.31%, on 8,629,984 traded shares.

 

China North East Petroleum Holdings (AMEX NYSE: NEP), a privately run oil company in northern China, recently announced that its common stock has been approved for listing on the NYSE American Stock Exchange (Amex), under the new ticker symbol "NEP." China North is the fourth Chinese company to be Amex listed and the first Chinese non-state-owned oil exploration and production company to list on the Amex market. The stock closed at $4.52, up 14.43%, on 544,629 traded shares.

 

Verso Paper Corp. (NYSE: VRS) announced today at the Gravure Association of America (GAA) Environmental Conference in Toronto, Canada the results of its most recent Carbon Footprint Life Cycle Analysis (LCA) study. Verso joined with National Geographic, Quad/Graphics, Inc. and Harmony Environmental to conduct a comprehensive study from “cradle-to-grave” of the carbon footprint associated with the publication of National Geographic magazine. The stock closed at $1.48, up 13.85%, on 154,874 traded shares.

 

 

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