Market Overview

Benzinga's Microcap Movers for Friday August 10, 2012

Below are highlights from Benzinga's daily coverage of small cap and microcap securities making big moves:

Xinyuan Real Estate

Shares of Xinyuan Real Estate (NYSE: XIN), the Beijing real estate developer, rose 13.90% Friday on 7 times average volume.

Xinyuan Real Estate announced Friday its unaudited financial results for the second quarter of 2012. Total second quarter revenues were $253.1 million, a 38.5% increase from $182.7 million reported in the second quarter of 2011, and a 46.6% increase from $172.6 million recorded in the first quarter of 2012.

Contract sales totaled $258.0 million, a 14.5% increase from $225.3 million recorded in the second quarter of 2011, and a 61.6% increase from $159.7 million recorded in the first quarter of 2012.

Total gross floor area ("GFA") sales were 194,500 square meters, a 6.1% increase from 183,400 square meters sold in the second quarter of 2011 and a 69.7% increase from 114,600 square meters sold in the first quarter of 2012.

Xinyuan Real Estate closed at $2.95 on Friday.

Houston American Energy

Shares of Houston American Energy (NASDAQ: HUSA), the Houston, TX developer of natural gas and crude oil properties, rose 37.85% Friday on average volume.

Houston American Energy released its 10Q on Thursday. As of June 30, 2012, the company had a cash balance of $6,392,057 and working capital of $12,406,018, compared to a cash balance of $9,930,284 and working capital of $19,636,540 at December 31, 2011. The change in working capital during the period was primarily attributable to the payment of costs associated with drilling of the Tamandua #1 sidetrack well and Cachirre #1 well, offset by the capital raise in May of 2011.

Operating activities used cash of $1,939,666 during the six months ended June 30, 2012 quarter as compared to $4,303,086 of cash used during the 2011 six-month period. The change in operating cash flow was primarily attributable substantial reductions in payables during the 2011 period partially offset by an increase in accounts receivable during the 2011 period as well as increased general and administrative expense.

Houston American Energy closed at $1.18 on Friday.

Mattson Technology

Shares of Mattson Technology (NASDAQ: MTSN), the Freemont, CA manufacturer of semiconductor wafer processing equipment used in the fabrication of integrated circuits, rose 13.67% Friday on lower than average volume.

Mattson Technology released its 10Q on Friday. Net sales were $34.9 million for the three months ended July 1, 2012; a decrease of approximately $16.4 million compared to $51.3 million for the three months ended July 3, 2011. Net sales were $85.4 million for the six months ended July 1, 2012; a decrease of approximately $12.9 million compared to $98.3 million for the six months ended July 3, 2011. The decreases are primarily due to a customer requested delay in the shipment of systems to a foundry as well as a softening of the NAND business during the second quarter of 2012.

During the first six months of 2012, sales to customers in Asia continued to account for a significant portion of total net sales. For the three months ended July 1, 2012 and July 3, 2011, international sales comprised approximately 94 and 97 percent, respectively, of total net sales. For the six months ended July 1, 2012 and July 3, 2011, international sales accounted for approximately 86 percent and 97 percent, respectively, of total net sales. Mattson anticipates that international sales will continue to account for a significant portion of net sales.

Mattson Technology closed at $0.97 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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