Microcap Movers for Tuesday December 6, 2011
Below are highlights from Benzinga's daily coverage of microcap securities. Benzinga provides comprehensive, objective, and conflict-free coverage of the microcap sector in real-time at BenzingaSmallCap.com.
Shares of RIT Technologies (NASDAQ: RITT), the Tel Aviv, network management company, rose 38% Tuesday on 42 times the average daily volume. The company announced today that it has appointed Peter Leonard, a Johannesburg-based IT industry professional, to become its Country Sales Manager of South Africa. Mr. Leonard will be mandated with further developing RiT's business in South Africa, a region whose rapid uptake of IT technologies makes it a land of opportunity for RiT's industry-leading solutions.
RIT also announced a deal with Vodafone Ghana, already in place.
RIT Technologies traded in a range of $3.46 to $5.00 Tuesday, closing at $4.47.
DHT Holdings (NYSE: DHT), the Channel Islands-based crude-oil tanker owner and operator, rose 26% today on 4.5 times the average daily volume.
There was no news reported in DHT today. The stock currently pays a 15% dividend.
Shares of DHT Holdings traded in a range of $0.83 to $1.06 on Tuesday and closed at the high of the day.
Shares of Peregrine Pharmaceuticals (NYSE: PPHM) the Tustin, CA clinical-stage biopharmaceutical company, rose 21% Tuesday on 15 times the average daily volume.
Peregrine Pharmaceuticals announced preliminary results from a randomized Phase II trial showing a 50% improvement in overall tumor response rates in non-small cell lung cancer patients. Patients treated with bavituximab plus carboplatin and paclitaxel currently demonstrate an ORR of 39%, versus 26% in patients treated with carboplatin and paclitaxel alone.
Peregrine traded in a range of $1.20 to $1.53 Tuesday, and closed at $1.21.
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