Market Overview

Benzinga's Microcap Movers for Thursday April 12, 2012

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

SGOCO Group

Shares of SGOCO Group (NASDAQ: SGOC), the China-based manufactures, and distributes liquid crystal display consumer products, rose 249% Thursday on 5o times the average daily volume.

SGOCO Group was the subject of chat room, Twitter and message board promo activity on Wednesday.

SGOCO Group Ltd. closed at $2.55 on Thursday.

Southcoast Financial Corp

Shares of Southcoast Financial Corp (NASDAQ: SOCB), the Mt Pleasant, SC holding company for Southcoast Community Bank, rose 50% Thursday on 14 times the average daily volume.

Southcoast Financial announced Thursday that it had unaudited net income of $1,243,000, or $0.23 per basic share, for the quarter ended March 31, 2012. This compares to unaudited net loss of $579,000, or $0.11 per basic share, for the quarter ended March 31, 2011. The March 31, 2012 income per share is based on 5,316,633 basic average shares compared to 5,270,053 basic average shares for the first quarter of 2011.

Shares were halted twice Thursday due to circuit breakers.

Southcoast Financial Corp closed at $2.24 on Thursday.

ZOOM Technologies

Shares of ZOOM Technologies (NASDAQ: ZOOM), the China based manufacturer of mobile phones and related products, rose 42% Thursday on 9 times the average daily volume.

Zoom Technologies announced Thursday that it will release its fourth quarter and full year 2011 financial results at the close of the market on Monday, April 16, 2012.

Zoom Technologies closed at $1.48 on Thursday.

Posted-In: Long Ideas News Short Ideas Small Cap Global After-Hours Center Movers Trading Ideas

 

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