Benzinga's Microcap Movers for Friday September 7, 2012
Below are highlights from Benzinga's daily coverage of small cap and microcap securities making big moves:
Shares of IGI Laboratories (NYSE: IG), the Buena, New Jersey pharmaceutical company, rose 15.79% Friday on 3.5 times average volume.
IGI announced Thursday that the Company has successfully closed on a $3.0 million credit facility. The facility includes a term loan in the amount of $2.5 million and a formula credit line in the amount of $1.25 million, under which total borrowings cannot exceed $3.0 million. The related loan and security agreement is filed as an Exhibit to the Company's Form 8-K filed today with the Securities and Exchange Commission.
Dataram closed at $1.32 on Friday.
Shares of Quaterra Resources (NYSE: QMM), the Yerington, NV junior exploration company, rose 13.24% Friday on 5 times than average volume.
Quaterra Resources announced Thursday that its wholly-owned subsidiary Singatse Peak Services has reached a voluntary agreement with the U.S. Environmental Protection Agency to participate in upgrading the system which manages fluids from the historic mining operation at the Yerington mine site. In exchange for SPS's participation in this work, the Company obtained a site-wide 'Covenant Not to Sue' for the contamination left at the site by former owners and operators of the historic mine operations.
Quaterra Resources closed at $0.39 on Friday.
International Card Establishment
International Card Establishment (OTC: ICRD), the Camarillo, CA provider of merchant payment processing services, rose 809% Friday on 135 times average volume.
There was no news issued by the company to account for the move. A former spokesperson for ICRD who still follows the company, said he did not know the reason for the move on Friday.
International Card Establishment closed at $0.03 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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