Benzinga's Microcap Movers for Wednesday August 29, 2012

Below are highlights from Benzinga's daily coverage of small cap and microcap securities making big moves:

Shares of TearLab Corporation

, the San Diego, CA ophthalmic device company, rose 8.64% Wednesday on 4 times average volume. Canaccord Genuity initiated coverage on TearLab with a Buy rating $6.00 price target. TearLab Corporation closed at $3.52 on Wednesday.

Shares of VisionChina Media

, the China-based digital television display advertising company, rose 18.37% Wednesday on average volume. VisionChina Media announced Tuesday the appointment of Mr. Stanley Yan Wang as the Company's chief financial officer, effective immediately. VisionChina Media closed at $0.29 on Wednesday.

Gravity

, the South Korean online game company, fell 14.62% Wednesday on 8 times average volume. Gravity announced Wednesday its unaudited financial results for the second quarter ended June 30, 2012, prepared in accordance with generally accepted accounting principles in the United States, and business updates. Revenues for the second quarter ended June 30, 2012 was KRW 14,084 million (US$ 12,455 thousand), representing a 13.9% decrease from KRW 16,357 million for the first quarter ended March 31, 2012 and a 3.4% decrease from KRW 14,584 million for the second quarter ended June 30, 2011. Gravity closed at $1.46 on Wednesday.