Market Overview

Benzinga's Small Cap Movers for Tuesday March 12, 2013

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

Opexa Therapeutics

Shares of Opexa Therapeutics (NASDAQ: OPXA), the Woodlands, TX biopharmaceutical company rose 14.5% Tuesday on 3.5 times average volume.

Opexa Therapeutics was the subject of a positive Seeking Alpha on Tuesday.

Opexa Therapeutics closed at $2.20 on Tuesday.

Majesco Entertainment

Majesco Entertainment (NASDAQ: COOL), the Edison, NJ video game company, rose 24% Tuesday in intra-day trading on 6 times average volume.

Majesco Entertainment reported financial results Tuesday, for the first quarter of fiscal 2013 ended January 31, 2013. For the first quarter ended January 31, 2013, Majesco's net revenues were $23.5 million, down 65 percent versus $66.2 million in the same period a year ago.

The Company's basic and diluted net loss per share for the quarter ended January 31, 2013 was $(0.05), compared to basic and diluted net income per share of $0.19 in the same period last year. The non-GAAP diluted net loss per share for the quarter ended January 31, 2013 was $(0.02) compared to net income per share of $0.18 in the same period last year.

Majesco Entertainment closed at $0.72 on Tuesday and traded down 23% after hours, following the earnings report.

OCZ Technology Group

Shares of OCZ Technology Group (NASDAQ: OCZ), the San Jose, CA provider of high-performance solid-state drives for computing devices and systems, rose 20% Tuesday on 3.5 times average volume.

OCZ Technology Group announced Monday that it has entered into a $30 million loan and security agreement with Hercules Technology Growth Capital. This loan agreement consists of a $15 million term loan and a $15 million revolving loan facility.

Pursuant to the loan agreement, the Company issued Hercules a warrant to purchase 688,073 shares of OCZ Technology common stock at an exercise price of $2.18 per share. In addition to the term loan, the Company has access to a $10 million revolving loan facility which shall be repaid in full in April 2016. An additional $5 million of revolving loan facility will be available to the Company upon achieving certain financing covenants. OCZ Technology Group closed at $2.10 on Tuesday.

The information in this article is taken from public sources, press releases, and websites that cannot always be verified. Please note that investing in microcap stocks is highly speculative. The companies mentioned here are for information purposes only. Benzinga makes no claim as to the suitability of these stocks as an investment. Neither Benzinga nor its staff recommend that you buy, sell, or hold any security. We do not offer investment advice, personalized or otherwise. Benzinga recommends that you conduct your own due diligence and consult a certified financial professional for personalized advice about your financial situation.

Posted-In: Earnings Long Ideas News Guidance Short Ideas Financing Small Cap After-Hours Center

 

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