Benzinga's Microcap Movers for Thursday September 13, 2012
Below are highlights from Benzinga's daily coverage of small cap and microcap securities making big moves:
Shares of Nexxus Lighting (NASDAQ: NEXS), the Charlotte, NC manufacturer of LED and other emerging lighting technologies, rose 189% Thursday on 29 times average volume.
Nexxus Lighting announced Wednesday that an affiliate of Aston Capital has agreed to invest $6 million in the Company through the purchase of convertible preferred stock to provide strategic, operational and financial expertise with the goal of enabling the Company's strategic growth and expansion.
Nexxus Lighting closed at $0.38 on Thursday.
Shares of Response Genetics (NASDAQ: RGDX), the Los Angeles, CA designer and developer of semiconductor solutions for communications applications in the wireline and wireless network infrastructure, rose 33.67% Thursday on 20 times average volume.
Response Genetics announced Thursday that it has entered into a purchase agreement with GlaxoSmithKline (NYSE: GSK) and one of its existing significant stockholders to raise $8.8 million from the private placement of 8,000,000 newly issued shares of its common stock at a purchase price of $1.10 per share.
Response Genetics closed at $1.23 on Thursday.
Globalstar (NASDAQ: GSAT), the Covington, LA satellite communications company, rose 17.47% Thursday on higher than average volume.
Globalstar and satellite manufacturer Thales Alenia Space announced Thursday the signing of a contract for the manufacture and delivery of six additional satellites for the Globalstar second-generation constellation. The joint announcement was made during the Euroconsult World Satellite Business Week in Paris. The satellites, which are expected to be delivered and launched in 2015 will ensure long-term industry-leading mobile satellite voice and data services to Globalstar customers around the world through 2030.
Globalstar closed at $0.38 on Thursday.
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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