Microcap Movers for Wednesday December 7, 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

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Shares of McClatchy Company

, the Sacramento, CA publisher of the The Sacramento Bee, Miami Herald, Charlotte Observer and 27 other daily newspapers, rose 62% Wednesday on 17 times the average daily volume. McClatchy, presenting at the UBS Conference, provided an update of business trends for 2011 and an outlook for 2012, including improving advertising revenues over the last three months, growing Sunday circulation and the expected receipt of nearly $30 million in dividends from the company's equity investments. Management noted that it saw improving advertising revenue trends that began in September and continued in October and November 2011 . Advertising revenues were down 8.7% in October and 2.4% in November (down 5.6% for the two months combined), compared to declines of 10.1% through the first nine months of 2011. Total revenues for October and November combined were down 4.9% compared to declines of 8.7% through the first nine months of 2011. McClatchy shares traded in a range of $1.17 to $1.92 Wednesday, closing at $1.91.

Bioject Medical Technologies (BJCT), the Tualatin, OR manufacturer of needle-free injection therapy systems, rose 82% Wednesday on 15 times the average daily volume. There was no news reported today and the company did not respond to a call from Benzinga. The Board of Directors appointed Mark Logomasini as Interim President and CEO effective November 11, replacing Ralph Makar. Shares of Bioject Medical Technologies traded in a range of $0.07 to $0.17 on Wednesday and closed at $0.14.

Shares of Royale Energy

, the San Diego, CA independent oil and natural gas producer, rose 20% Wednesday on 8 times the average daily volume. Royale Energy announced that it was selected by the State of Alaska as a winning bidder on acreage in the North Slope Area wide lease sale. The position secures a liquids rich shale known to have sourced Prudhoe bay and Kuparuk River oil fields. The primary targets of this acquisition are the Shublik, Kingak and HRZ shale formations at depths ranging between 7,000 and 10,000 feet. "While we continue to focus on Natural Gas production in our core area," said Stephen Hosmer, the company's Co-CEO, "this is an exciting opportunity to add oil to Royale's future mix. Over the last several years, exploration technology has increased the importance of oil shales to America's energy resources. Royale will now participate in this important new frontier. Royale Energy traded in a range of $4.25 to $5.56 Wednesday, and closed at $5.36. To get information like this on a streaming basis during the trading day, try a 100% free trial to

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