Benzinga's Microcap Movers for Tuesday May 15, 2012

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

Shares of Micron Enviro Systems (

), the Great Neck, NY-based mining company, rose 100% Tuesday on 19 times the average daily volume. Micron Enviro Systems announced Tuesday that management has targeted U.K.'s Britannia Mining for a strategic relationship in an effort to enhance Micron's drilling capabilities, overall output and global reach. "We are determined to build shareholder value and grow the company dramatically by creating a strategic venture with an international outfit that is well positioned and funded," stated Bradley Rudman, President of Micron Enviro Systems. In a previous announcement, management indicated there would be an active search for potential projects that may fit Micron's long term strategy. People close to the company indicate that management has had eyes on Britannia Mining for some time. Recent developments however, at both companies, have significantly increased Micron's interest in the international drilling operations of Britannia. Micron Enviro Systems closed at $0.0006 on Tuesday.

Shares of United-Guardian

, the Hauppauge, NY manufacturer and marketer of pharmaceuticals, cosmetic ingredients, health care products, medical devices, and proprietary industrial products, rose 18% Tuesday on 29 times the average daily volume. United Guardian shares spiked sharply higher on a block trade of 70,000 shares just before 11:30am, rising as high as $22.55. A spokesperson for United Guardian told Benzinga there was no news to account for the move. He said the company had contacted the NASDAQ regarding the unusual trading activity. United-Guardian closed at $21.98 on Tuesday.

Shares of Sypris Solutions

, the Louisville, KY provider of technology-based outsourced services and specialty products, rose 20.96% Tuesday on 9 times the average daily volume. Sypris Solutions reported financial results Tuesday for its first quarter ended April 1, 2012. The Company reported revenue of $96.5 million for the first quarter compared to $75.8 million for the prior year period. The Company reported net income of $5.3 million, or $0.27 per diluted share, for the first quarter compared to $2.1 million, or $0.10 per share, for the prior year period. Pretax income from continuing operations of $6.5 million for the quarter ended April 1, 2012, included a gain of $2.6 million in connection with the sale of idle assets and a foreign currency translation loss of $0.6 million. Pretax income from continuing operations of $2.9 million for the quarter ended April 3, 2011, included a gain of $3.0 million in connection with the settlement regarding volumes with one of its customers. Sypris Solutions closed at $4.78 on Tuesday.