Benzinga's Microcap Movers for Monday July 30, 2012
Below are highlights from Benzinga's daily coverage of small cap and microcap securities making big moves:
Clean Diesel Technologies
Shares of Clean Diesel Technologies (NASDAQ: CDTI), the Ventura, CA provider of heavy duty diesel and light duty vehicle emissions control systems, rose 20.00% Monday on 35 times average volume.
Clean Diesel Technologies announced Monday that it has begun supplying catalysts for next-generation four- and six-cylinder Honda Accord models. The Company expects to announce additional model programs in 2013 as it continues close collaboration with Honda on other high-performance six-cylinder and hybrid vehicle applications.
Clean Diesel Technologies closed at $2.52 on Monday.
Intelligent Living Corp.
Intelligent Living Corp. (ILVC), the Vancouver, BC provider of value added information technology products and services to the corporate and consumer communities, rose 114% Monday on 19 times average volume.
Intelligent Living Corp. announced Monday the signing of a memorandum of understanding with Coast Tsimshian Resources LP targeting First Nations and offshore markets for the Company's modular homes and emergency shelters. The MOU outlines time frames and conditions for the establishment of a three year business plan and the corporate structure required to achieve revenue targets.
Intelligent Living Corp. closed at $0.03 on Monday.
Shares of Jaguar Mining (NYSE: JAG), the Brazil-based gold mining company, rose 24.35% Monday on 1.5 times average volume.
Jaguar Mining announced Monday that it has increased its estimated measured and indicated mineral resources at its Gurupi Project to 3.2 million ounces of gold based on analysis of recent drilling results. The resources, stated at a cutoff grade of 0.33 g/t Au, include 35.65 million tonnes of Measured Resources at 0.86 g/t Au and 75.02 million tonnes of Indicated Resources at 0.93 g/t.
Between the third quarter of 2011 and the second quarter of 2012, Jaguar conducted a comprehensive diamond drilling campaign at the Chega Tudo and Cipoeiro deposits within the Gurupi Project. A total of 24,497 meters were drilled in 107 holes for 19,655 samples recovered. The drill results confirmed the extension of the mineralization to a depth of over 350 meters below surface at Chega Tudo and over 300 meters depth at Cipoeiro. Previous drilling programs, which included a total of 75,233 meters drilled in 543 holes, had confirmed the mineralization only to depths of approximately 130 meters and 170 meters at Chega Tudo and Cipoeiro, respectively. Gold mineralization at both the Chega Tudo and Cipoeiro deposits remains open at depth.
Jaguar Mining closed at $0.84 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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