Benzinga's Microcap Movers for Wednesday September 5, 2012
Below are highlights from Benzinga's daily coverage of small cap and microcap securities making big moves:
Shares of AudioCodes (NASDAQ: AUDC), the Israel-based developer of products and services for voice and data over packet networks, rose 15.17% Wednesday on 5.5 times average volume.
A positive Seeking Alpha article was most likely the reason for the move.
AudioCodes closed at $1.67 on Wednesday.
Shares of NeoStem (NYSE: NBS), the New York City biopharmaceutical company, rose 13.17% Wednesday on average volume.
NeoStem announced Wednesday that Company management of a NeoStem company, Progenitor Cell Therapy has been invited to present on its core expertise in development of commercial manufacturing processes for cell therapy at two cell therapy conferences in September. At each, PCT will offer its unique perspective as an industry leader in contract development and manufacturing of cell therapy products, with over 12 years of exclusive cell-therapy focused experience.
NeoStem closed at $0.68 on Wednesday.
Southridge Enterprises (OTC: SRGE), the Dallas, TX developer of gold and silver mines in Mexico, rose 500% Wednesday on 202 million shares.
Southridge Enterprises announced Wednesday that it has recorded milestone mineral production and revenues for the fourth quarter and year ending August 31, 2012, from its 60 ton per day mill site at Cinco Minas in Jalisco, Mexico. In fiscal 2012, the Company processed over 9,000 tons of ore and recorded revenues of $3.14 Million.
The Cinco Minas property has a world-class confirmed gold and silver resource of 235,000 oz. gold, and 23.3 million oz. silver with 80% of the known vein system at Cinco Minas has yet to be tested.
Today's market value of the confirmed resource at Cinco Minas is well over $1 Billion USD, prior to the completion of further planned exploration to expand the resource.
Southridge Enterprises closed at $0.0025 on Wednesday.
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 financia
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