Benzinga's Microcap Movers for Monday July 2, 2012
Below are highlights from Benzinga's daily coverage of small cap and microcap securities making big moves:
Shares of Vidable (VIBE), the Carson City, NV video e-commerce company, rose 61.60% Monday on 27 million shares.
Vidable announced Monday their plan to sell Vidable licenses to allow third parties to sell Vidable digital media services under the Vidable brand for a monthly fee. This new service furthers our goal to penetrate the U.S. online advertising market, which, according emarketer.com's January 2012 forecast, is expected to reach $39.5 billion in 2012.
President Lino Luciani stated: "According to a recent BIA/Kelsey study, small and medium businesses surveyed reported they plan to allocate 26 percent of their advertising budgets to digital/online media over the next 12 months. However, we have found they prefer to do it through various media buying agencies. We have designed our licensing program to encourage third parties, such as videographers, to license our services allowing them to create online videos and set up Vidable channels for local businesses. We believe this will enhance the results for consumers looking to buy on Vidable.com."
Vidable closed at $0.02 on Monday.
Shares of Tegal (NASDAQ: TGAL), the Petaluma, CA former Motorola spinoff, rose 43.89% Monday on 354 times the average daily volume.
Tegal Corporation announced Monday that it has signed a definitive agreement to acquire CollabRx, a privately held technology company in the rapidly growing market of interpretive content and data analytics for genomics-based medicine.
Tegal also announced that it expects to appoint James Karis as Co-CEO of Tegal Corporation.
Tegal closed at $5.18 on Monday.
China Global Media
Shares of China Global Media (CGLO) , the China-based advertisement and brand name development company, rose 137% Monday on almost 5 times the average daily volume.
There was no news to account for today's move and a China Global spokesperson was not available for comment.
China Global Media closed at $0.25 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.
(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.