Benzinga's Microcap Movers for Monday July 23, 2012
Below are highlights from Benzinga's daily coverage of small cap and microcap securities making big moves:
Shares of FastFunds Financial (FFFC), the West Palm Beach, FL financial services company, rose 28.57% Monday on almost 4 times average volume.
FastFunds Financial CEO Barry Hollander told Benzinga there was no news to account for the move.
FastFunds Financial closed at $0.05 on Monday.
China 3C Group
China 3C Group (CHCG), the China-based distributor of cell phones, computers and other electronic equipment, rose 53.85% Monday on 15 times average volume.
China 3C Group announced Monday that it has executed a cooperation agreement and launched an important strategic partnership with China Telecom (NYSE: CHA).
The establishment of this significant partnership is based on the trend of 3G mobile Internet development and the two parties' respective unique competitive advantages. Both parties have agreed to form a large-scale cooperation in the Hangzhou area through this partnership.
Pursuant to the signed agreement, China 3C's retail stores will be able to serve as China Telecom's authorized point of service in all of its core areas including fixed-line telephone services, mobile services, Internet connections and applications, and prepaid phone services.
China 3C Group closed at $0.10 on Monday.
Marine Drive Mobile
Marine Drive Mobile (MDMC), the San Francisco-based deal management company, rose 103% Monday on 570 times average volume.
A spokesperson for Marine Drive Mobile was not available for comment.
Marine Drive Mobile closed at $0.31 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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