Microcap Movers for Thursday December 22, 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 RAM Energy Resources

, the Tulsa, OK independent oil and natural gas company, rose 82% Thursday on 85 times the average daily volume. RAM Energy Resources announced Wednesday that it has reached agreement with Halcon Resources, a newly-formed company led by Floyd C. Wilson, former Chairman and Chief Executive Officer of Petrohawk Energy Corporation, for a transformational capital investment in RAM. The investment is comprised of $275 million in new common stock, a $275 million five-year convertible note, and warrants for the purchase of an additional 110 million shares of common stock. A majority of RAM's current shareholders have agreed to approve the transactions contemplated by the agreement through action by written consent of stockholders. The transaction is expected to close in the first quarter of 2012. RAM Energy shares traded Thursday in a range of $1.65 to $2.07 on 85 times the average daily volume, closing at $2.01.

Shares of Alexza Pharmaceuticals

, the Mountain View, CA pharmaceuticals company, rose 16% Thursday on 9 times the average daily volume. Alexza Pharmaceuticals was the subject of a positive

blog post. The article says Alexza should find a partner once Adasuve is approved. Alexza Pharmaceutical shares traded Thursday in a range of $0.71 to $0.87, closing at the high of the day.

Shares of FieldPoint Petroleum

, the Cedar Park, TX oil and gas company, rose 13% Thursday on 13 times the average daily volume. FieldPoint Petroleum announced Wednesday that the company and its drilling partner Cimarex Energy, had completed the East Lusk Federal 15 well #1 in the Bone Spring Formation. FieldPoint's President and CEO, Ray Reaves stated, "On December 17, 2011 the first oil production began to hit the tanks. FieldPoint will own a 43.75% working interest, Cimarex will own a 37.5% working interest, and other partners will own the remaining 18.75% working interest in the two wells. FieldPoint shares traded Thursday in a range of $3.67 to $4.16, closing at $4.14. To get information like this on a streaming basis during the trading day, try a 100% free trial to

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