Benzinga's Microcap Movers for Monday June 25, 2012
Below are highlights from Benzinga's daily coverage of small cap and microcap securities making big moves:
Energy Edge Technologies
Energy Edge Technologies (EEDG), the Bridgewater, NJ energy services company, rose 38.57% Monday on almost twice the average daily volume.
Energy Edge Technologies announced the execution of a Partnership Agreement with Drinkable Air that greatly expands the original Distributorship Agreement entered into this past April. The new Agreement includes an extensive profit sharing program, wide ranging exclusivity provisions, and the placement of Dr. Benjamin Chavis and Frank Campanaro of Energy Edge onto Drinkable Air's Board of Directors. There is no stock consideration attached to this Agreement.
Drinkable Air is a world leader in water generation from humidity in the air we breathe. Its patented ozone technology converts moisture from the atmosphere into an unlimited supply of pure drinking water. The company is in the final phase of testing a solar-powered machine that can have enormous impact on the water crisis that plagues many parts of Africa and the Caribbean.
Energy Edge Technologies closed at $0.10 on Monday.
Shares of Globalstar (NASDAQ: GSAT), the Covington, LA satellite communications company, rose almost 28% Monday on 4.5 times the average daily volume.
Globalstar announced Monday that it has reached a settlement of its prior disputes with Thales Alenia Space France and has agreed to the terms of a commercial proposal for the purchase of six additional spacecraft from Thales.
The mutual settlement of the prior claims that Globalstar and Thales have against one another ensures that Thales will complete its current work under Phase 2 of the contract and deliver the remaining Batch 4 satellites to Globalstar so that a fourth launch of six satellites can be conducted this year.
Globalstar closed at $0.32 on Monday.
Shares of InVivo Therapeutics (NVIV), the Cambridge, MA developer of groundbreaking technologies for the treatment of spinal cord injuries, rose 12.80% Monday on 5.5 times the average daily volume.
InVivo Therapeutics announced Monday that CEO Frank Reynolds scheduled appearance on WAWS-TV /WTEV-TV in Jacksonville, Florida on Monday June 25, 2012 at 7:45 am EDT has been postponed due to tropical storms. The segment will be taped and aired on Tuesday's program.
InVivo Therapeutics closed at $2.38 on Monday.
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.
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