Benzinga's Microcap Movers for Friday July 20, 2012
Below are highlights from Benzinga's daily coverage of small cap and microcap securities making big moves:
Shares of A123 Systems (NASDAQ: AONE), the Waltham, MA developer of rechargeable lithium-ion batteries and energy storage systems, rose 9.60% Friday on almost 3 times average volume.
A123 Systems announced Friday that it will supply a 2MW grid energy storage system to Ray Power Systems, a Chinese company focused on developing the frequency regulation market and relevant technologies.
"The project in China will be designed to validate the technical capabilities and benefits of energy storage as a fast-ramping, accurate and clean resource for providing frequency regulation services," said Eldon Mou, CEO of Ray Power. "Limited overall system ramping capability has created renewable integration issues as well as potential risk of grid instability because of the high penetration of renewable generation, particularly in northern China. A123 Systems has demonstrated the viability and reliability of its product through a number of successful global commercial deployments, and we expect this project to showcase energy storage as a valuable resource for meeting China's growing frequency regulation demand."
A123 Systems closed at $0.76 on Friday.
DURECT Corporation (NASDAQ: DRRX), the Cupertino, CA specialty pharmaceutical company, rose 12.62% Friday on lower than average volume.
On July 18, 2012, the Company received a letter from the Listing Qualifications Department of the Nasdaq Stock Market informing the Company that the staff has determined that for the 10 consecutive business days, from July 3, 2012 to July 17, 2012, the closing bid price of the Company's stock has been at $1.00 or greater. Accordingly, the Company has regained compliance with Listing Rule 5450a1.
DURECT Corporation closed at $1.16 on Friday.
Shares of USEC (NYSE: USU), the Bethesda, MD supplier of low enriched uranium to commercial nuclear power plants, rose 11.11% Friday on lower than average volume.
Call volume in USEC was at 2,295% of average on Friday. 6,821 October 1 calls traded vs 786 open interest.
A spokesperson for USEC said the company is in a quiet period leading up to Q2 earnings report on or around August 1.
USEC closed at $0.90 on Friday.
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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