Benzinga's Microcap Movers for Wednesday August 22, 2012

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

Shares of Neogenomics (

), the Fort Myers, FL cancer testing lab company, rose 28.51% Wednesday on 9.5 times average volume. Neogenomics was initiated with a Buy rating and a $5 price target at Craig-Hallum. Neogenomics closed at $2.84 on Wednesday.

Shares of NovaCopper

, the Vancouver, BC base metals exploration company focused on exploring and developing the Ambler mining district, rose 33.16% Wednesday on 5.5 times average volume. NovaCopper has observed unusual market activity in the Company's stock on Wednesday. In view of this, the Exchanges have contacted the Company in accordance with their usual practice. The Company is not aware of any reason for this unusual market activity. NovaCopper closed at $2.49 on Wednesday.

Shares of Lentuo International

, the Beijing-based non-state-owned automobile retailer, rose 16.28% Wednesday on average volume. Lentuo International announced Wednesday that the Company has signed a general framework agreement with First Automobile Finance Co., Ltd., a subsidiary of FAW Group. Under this agreement, FAF and Lentuo will share resources and cooperate in providing customer financing, auto insurance as well as other financial services. The company also signed two comprehensive cooperation agreements with FAW Auto Finance Co., Ltd., a wholly owned subsidiary of FAF, and Saneguard Auto Insurance Co., Ltd., a subsidiary of FAF. These agreements cover a range of services which will enable Lentuo to expand its service offering, improve its competitive position and strengthen its brand. Lentuo is the first automobile retailer in China to sign such an agreement with FAW-AF. Lentuo International closed at $1.00 on Wednesday.