Benzinga's Microcap Movers for Monday October 8, 2012 - Delcath Systems (NASDAQ:DCTH), Fonar (NASDAQ:FONR)

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

Otelco

Shares of Otelco

OTT

, the Oneonta, AL provider of telecommunications services on a retail and wholesale basis, rose 17.30% Monday on 5 times average volume. Otelco was the subject of much message board and chat room chatter on Monday. THe company had a dismal earnings report in August. Otelco closed at $2.30 on Monday.

Fonar

Fonar

FONR

, the Melville, NY developer of magnetic resonance imaging scanners, rose 13.11% Monday on 9 times average volume. Fonar shares continued to move higher Monday following a solid earnings report on October 1. Fonar closed at $6.30 on Monday.

Delcath Systems

Shares of Delcath Systems

DCTH

, the New York City pharmaceutical company focused primarily on treatments for liver cancer, rose 11.59% Monday on 5 times average volume. Delcath had another big day Monday after rising almost 14% on Friday. The company is waiting for FDA acceptance of its New Drug Application for CHEMOSAT, which targets unresectable metastatic cutaneous and ocular melanomas of the liver. Delcath Systems closed at $2.31 on Monday.

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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