International Business News Blogs - Small Cap News Movers http://www.ibtimes.com/blogs/rss/sections/small-cap-news-movers.rss All articles are copyrighted by IBTimes.com 120 30 http://www.ibtimes.com/blogs/rss/sections/small-cap-news-movers.rss http://www.ibtimes.com/images/top_logo_ibt2_3.gif Origin Agritech Limited (NASDAQ: SEED) recently announced it has received the Bio-safety Certificate from the Ministry of Agriculture as a final approval for commercial approval of the world’s first genetically modified phytase corn. Origin’s phytase corn is the first transgenic corn to officially introduce the next generation of corn product approved and sold commercially into the domestic marketplace. Dr. Gengchen Han, Origin’s Chairman said, “…We are actively leading the new genetically modified generation of agricultural products for China, and will continue to do so for the future.” The stock closed at $10.45, up 100.58%, on 44,464,040 traded shares. http://www.ibtimes.com/articles/20091123/small-cap-news-movers-for-11-23-09.htm http://www.ibtimes.com/blogs/articles/11476/20091123/small-cap-news-movers-for-11-23-09.htm Mon, 23 Nov 2009 16:09:43 EST Lannett Company, Inc. (NYSE AMEX: LCI) today announced that its Board of Directors has approved a reauthorization of the stock repurchase program. Under the program, the company is authorized to repurchase up to $5 million of Lannett’s outstanding common stock from time to time in open market and privately negotiated transactions. “The repurchase program reflects the board’s optimism and confidence in the future of our company…,” said Arthur Bedrosian, president and chief executive officer. The stock closed at $6.40, up 29.29%, on 208,999 traded shares. http://www.ibtimes.com/articles/20091120/small-cap-news-movers-for-11-20-09.htm http://www.ibtimes.com/blogs/articles/11438/20091120/small-cap-news-movers-for-11-20-09.htm Fri, 20 Nov 2009 16:18:32 EST Stein Mart, Inc. (NASDAQ: SMRT) today announced financial results for its third quarter and first nine months ended October 31, 2009. For the third quarter of 2009, the Company’s net earnings were $3.2 million or $0.07 per diluted share as compared to a net loss of $(14.1) million or $(0.34) per diluted share in 2008. Net sales decreased 9.6 percent to $270.2 million for the third quarter of 2009 from $298.8 million for the third quarter of 2008. Comparable store sales for the third quarter of 2009 decreased 6.2 percent from the same period a year ago. The stock closed at $11.26, up 10.18%, on 604,287 traded shares. http://www.ibtimes.com/articles/20091119/small-cap-news-movers-for-11-19-09.htm http://www.ibtimes.com/blogs/articles/11416/20091119/small-cap-news-movers-for-11-19-09.htm Thu, 19 Nov 2009 16:02:44 EST Fortinet® (NASDAQ: FTNT) today announced its initial public offering of 12,500,000 shares of its common stock at a price to the public of $12.50 per share. Of the shares in the offering, 5,781,683 shares are being offered by the company and 6,718,317 shares are being offering by selling stockholders. In addition, Fortinet has granted the underwriters a 30-day option to purchase up to an additional 1,875,000 shares of common stock to cover over-allotments, if any. The stock closed at $16.62, up 32.96%, on 13,609,854 traded shares. http://www.ibtimes.com/articles/20091118/small-cap-news-movers-for-11-18-09.htm http://www.ibtimes.com/blogs/articles/11395/20091118/small-cap-news-movers-for-11-18-09.htm Wed, 18 Nov 2009 16:01:56 EST Spherix Incorporated (NASDAQ: SPEX) today announced that it has received commitments from investors to purchase $6.3 million of securities in a registered direct offering. Spherix expects to receive net proceeds of approximately $6 million after deducting placement agent fees and other offering expenses. The proceeds from this offering will provide critical support for the Company’s on-going development of D-tagatose as a treatment for Type 2 diabetes. The stock closed at $2.03, up 1.50%, on 5,811,459. Earlier in the day, the stock hit a high of $4.15. http://www.ibtimes.com/articles/20091116/small-cap-news-movers-for-11-16-09.htm http://www.ibtimes.com/blogs/articles/11342/20091116/small-cap-news-movers-for-11-16-09.htm Mon, 16 Nov 2009 16:18:11 EST RINO International Corp. (OTCBB: RINO) today announced its financial results for the third quarter of 2009. Net revenues for the third quarter ended September 30, 2009 increased 41.0% to $63.3 million as compared to $44.9 million for the third quarter in 2008. Revenue growth was driven by demand across its product lines, including a significant increase in both wastewater treatment and anti-oxidation systems and coatings sales. The stock closed at $26.66, up 13.64%, on 4,556,186 traded shares. http://www.ibtimes.com/articles/20091113/small-cap-news-movers-for-11-13-09.htm http://www.ibtimes.com/blogs/articles/11315/20091113/small-cap-news-movers-for-11-13-09.htm Fri, 13 Nov 2009 17:36:38 EST Kandi Technologies, Corp. (NASDAQ: KNDI) announced today that pursuant to the previously announced letter of intent it signed in July with China Post in Jinhua City, it has completed the sale of 30 modified, electric COCO hardtops to the Postal Service there. These are the Company’s first sales of its all-electric COCO super mini car in China. The Company said the COCOs sold to Jinhua City China Post were modified to meet the particular needs and specifications of the Postal Service. The stock closed at $4.14, up 22.49%, on 952,222 traded shares. http://www.ibtimes.com/articles/20091112/small-cap-news-movers-for-11-12-09.htm http://www.ibtimes.com/blogs/articles/11290/20091112/small-cap-news-movers-for-11-12-09.htm Thu, 12 Nov 2009 16:25:21 EST Emerson Radio Corp. (NYSE AMEX: MSN) today reported financial results for its second quarter and six months ended September 30, 2009. While net revenues for the second quarter of fiscal 2010 decreased $1.7 million, or 3.3%, to $51.8 million, net revenues for the fiscal year 2010 to date were $107.4 million, an increase of $10.0 million, or 10.3%. The increase in net revenues for year to date fiscal 2010 was due to higher sales in the home appliances category. The stock closed at $1.96, up 37.07%, on 482,799 traded shares. http://www.ibtimes.com/articles/20091111/small-cap-news-movers-for-11-11-09.htm http://www.ibtimes.com/blogs/articles/11278/20091111/small-cap-news-movers-for-11-11-09.htm Wed, 11 Nov 2009 17:00:54 EST eOn Communications Corp. (NASDAQ: EONC) today reported fourth quarter and fiscal year ended July 31, 2009 results. Fourth quarter revenue increased 217% to $5,089,000 from $1,604,000 in the fourth quarter of last year and increased 106% compared to revenues of $2,465,000 in the third quarter of this year. Net income for the quarter was $111,000 or $0.04 per common share compared to a net loss of $338,000 or $0.12 per common share in the quarter ended July 31, 2008. The stock closed at $2.90, up 75.45%, on 2,646,570 traded shares. http://www.ibtimes.com/articles/20091109/small-cap-news-movers-for-1109.htm http://www.ibtimes.com/blogs/articles/11238/20091109/small-cap-news-movers-for-1109.htm Mon, 09 Nov 2009 21:50:09 EST Ocean Power Technologies, a subsidiary of Ocean Power Technologies, Inc. (NASDAQ: OPTT) announced that, in partnership with Leighton Contractors Pty Ltd (“Leighton”), it has received a A$66.46 million grant from the Federal Government of Australia to build a 19 MW wave power project off the coast of Victoria, Australia. The award is one of four renewable energy projects approved by the Federal Government after considering over 30 applications, and is the sole wave energy venture. The stock closed at $8.23, up 25.27%, on 2,668,426 traded shares. http://www.ibtimes.com/articles/20091106/small-cap-news-movers-for-1109.htm http://www.ibtimes.com/blogs/articles/11202/20091106/small-cap-news-movers-for-1109.htm Fri, 06 Nov 2009 16:09:12 EST DG FastChannel®, Inc. (NASDAQ: DGIT) announced today that it has executed a media services agreement with Google. DG FastChannel will provide media ingestion, quality control and production services to enhance Google’s TV Advertising Platform. “DG FastChannel's services will help advertisers continue to get great value from Google TV Ads,” said Keval Desai, Product management Director of Google TV Ads. The stock closed at $25.42, up 19.12%, on 1,751,914 traded shares. http://www.ibtimes.com/articles/20091105/small-cap-news-movers-for-1109.htm http://www.ibtimes.com/blogs/articles/11183/20091105/small-cap-news-movers-for-1109.htm Thu, 05 Nov 2009 16:03:48 EST MOD-PAC CORP. (NASDAQ: MPAC) today reported total revenue of $12.59 million in the third quarter of 2009, which ended October 3, 2009, relatively flat compared with revenue of $12.64 million in the 2008 third quarter. Strong sales growth in the custom folding carton line was offset by reduced sales in the stock packaging and personalized print lines which have been impacted heavily by the weak economy and the elimination of sales to the commercial print market. The stock closed at $3.94, up 60.82%, on 64,713 traded shares. http://www.ibtimes.com/articles/20091104/small-cap-news-movers-for-1109.htm http://www.ibtimes.com/blogs/articles/11160/20091104/small-cap-news-movers-for-1109.htm Wed, 04 Nov 2009 16:18:52 EST Human Genome Sciences, Inc. (NASDAQ: HGSI) and GlaxoSmithKline PLC (GSK) today announced that BENLYSTA(TM) (belimumab) met the primary endpoint in BLISS-76, the second of two pivotal Phase 3 trials in seropositive patients with systemic lupus erythematosus (SLE). BLISS-76 study results through 52 weeks showed that belimumab 10 mg/kg plus standard of care achieved a statistically significant improvement in patient response rate as measured by the SLE Responder Index at Week 52, compared with placebo plus standard of care. The stock closed at $25.28, up 35.28%, on 40,710,649 traded shares. http://www.ibtimes.com/articles/20091102/small-cap-news-movers-for-1109.htm http://www.ibtimes.com/blogs/articles/11069/20091102/small-cap-news-movers-for-1109.htm Mon, 02 Nov 2009 16:29:30 EST China Technology Development Group Corporation (NASDAQ: CTDC), a growing integrated clean energy group based in China that provides solar energy products and solutions, today announced that the Company has entered into a Stock Purchase Agreement (the "Stock Purchase Agreement") with China Technology Solar Power Holdings Limited ("CTSPHL Group") and its direct and indirect shareholders to acquire a 51% equity interest and become the major shareholder of CTSPHL Group. The stock closed at $4.78, up 30.60%, on 1,899,957 traded shares. http://www.ibtimes.com/articles/20091027/small-cap-news-movers-for-10-27-09.htm http://www.ibtimes.com/blogs/articles/10961/20091027/small-cap-news-movers-for-10-27-09.htm Tue, 27 Oct 2009 16:11:01 EDT 012 Smile.Communications Ltd. (NASDAQ: SMLC) yesterday announced that it has entered into a definitive share purchase agreement under which it will acquire a controlling interest of approximately 30.6% in Bezeq The Israel Telecommunication Corp., Israel's largest telecommunications provider (TASE: BZEQ) from Ap.Sb.Ar. Holdings Ltd. (the Apax Partners-Saban Capital Group Inc.-Arkin consortium), in a cash transaction currently valued at approximately NIS 6.5 billion, or NIS 8.00 per share, representing a 7.0% discount on the shares of Bezeq based on Bezeq's closing share price prior to the announcement. http://www.ibtimes.com/articles/20091026/small-cap-news-movers-for-10-26-09.htm http://www.ibtimes.com/blogs/articles/10913/20091026/small-cap-news-movers-for-10-26-09.htm Mon, 26 Oct 2009 15:59:05 EDT Rocky Brands, Inc. (NASDAQ: RCKY) announced financial results for its third quarter ended September 30, 2009. Net sales were reported at $66.6 million versus net sales of $72.5 million in the third quarter of 2008. The Company’s earnings before income taxes increased 53.4% to $4.4 million in third quarter 2009 compared to $2.9 million in the same period last year. Net earnings increased 17.2% to $2.8 million, or $0.50 per diluted share versus net earnings of $2.4 million, or $0.43 per diluted share a year ago. The stock closed at $8.16, up 19.30%, on 207,975 traded shares. http://www.ibtimes.com/articles/20091023/small-cap-news-movers-for-10-23-09.htm http://www.ibtimes.com/blogs/articles/10876/20091023/small-cap-news-movers-for-10-23-09.htm Fri, 23 Oct 2009 16:04:05 EDT Royale Energy, Inc. (NASDAQ: ROYL) announced today that after reaching a total depth of 6200 feet, it has set pipe on what the company believes to be a significant new discovery. This new field discovery provides Royale Energy with significant new development opportunities to increase its production and natural gas reserves. The current price for its PG&E citygate is $5.04 MCF. The Company has 2,000 MCF per day sold through December 2009 at $4.85 MCF. The stock closed at $3.21, up 47.93%, on 2,803,576 traded shares. http://www.ibtimes.com/articles/20091015/small-cap-news-movers-for-10-15-09.htm http://www.ibtimes.com/blogs/articles/10692/20091015/small-cap-news-movers-for-10-15-09.htm Thu, 15 Oct 2009 16:18:04 EDT LJ International Inc. (NASDAQ: JADE) today announced revenue and earnings guidance for the third quarter ended September 30, 2009, as well as provided a preview of its retail expansion plans over the next two years. The Company expects to achieve earnings in the 2009 third quarter of over $1.0 million, or between $0.03-$0.05 per fully diluted share, compared to earnings of approximately $0.4 million, or $0.02 per share in the third quarter of 2008. As part of its expansion plan, the Company announced that it expects to open approximately 100 new ENZO stores across China by the end of 2011. The stock closed at $3.29, up 27.03%, on 4,197,898 traded shares. http://www.ibtimes.com/articles/20091014/small-cap-news-movers-for-10-14-09.htm http://www.ibtimes.com/blogs/articles/10666/20091014/small-cap-news-movers-for-10-14-09.htm Wed, 14 Oct 2009 16:12:56 EDT Corcept Therapeutics Inc. (NASDAQ: CORT) today announced that it has entered into a definitive agreement with certain existing investors, including Longitude Capital Management, Sutter Hill Ventures and Alta Partners, and new investors including Federated Kaufmann Funds to raise approximately $18 million in gross proceeds in a private placement through the sale of shares of its common stock and warrants. Corcept intends to use the net proceeds to fund the completion of enrollment in its Phase 3 trial of CORLUX and the submission of its Cushing's Syndrome NDA, as well as for general corporate purposes. The stock closed at $1.72, up 24.64%, on 503,799 traded shares. http://www.ibtimes.com/articles/20091013/small-cap-news-movers-for-10-13-09.htm http://www.ibtimes.com/blogs/articles/10643/20091013/small-cap-news-movers-for-10-13-09.htm Tue, 13 Oct 2009 16:13:28 EDT Sinoenergy Corporation (NASDAQ: SNEN) today announced that the company entered into an agreement with Skywide Capital Management Limited, pursuant to which the Company will be merged with and into Skywide. Upon the effectiveness of the merger, each issued and outstanding share of the Company's common stock, other than shares owned by Skywide, will automatically be converted into the right to receive $1.90 per share. The stock closed at $1.83, up 42.97%, on 2,372,562 traded shares. http://www.ibtimes.com/articles/20091012/small-cap-news-movers-for-10-12-09.htm http://www.ibtimes.com/blogs/articles/10607/20091012/small-cap-news-movers-for-10-12-09.htm Mon, 12 Oct 2009 16:07:41 EDT