Benzinga's Microcap Movers for Tuesday October 9, 2012
Below are highlights from Benzinga's daily coverage of small cap and microcap securities making big moves:
Shares of BSD Medical (NASDAQ: BSDM), the Salt Lake City, UT developer of medical systems that deliver precision-focused radio frequency or microwave energy into diseased sites of the body, rose 73.73% Tuesday on 91 times average volume.
BSD Medical announced Tuesday a 391% increase in sales for the MicroThermX Microwave Ablation System product line for September 2012, as compared to September 2011. Disposable SynchroWave antennas were a significant portion of these sales, reflecting the success of the Company's fee-per-use equipment rental program and increasing utilization of MicroThermX equipment. This is a dramatic increase in sales for MicroThermX products and representative of a continuing trend of accelerating MicroThermX revenue. MicroThermX product sales also grew significantly during the fourth quarter of fiscal year 2012, as compared to the fourth quarter of fiscal year 2011.
BSD Medical closed at $2.05 on Tuesday.
Seven Arts Entertainment
Seven Arts Entertainment (OTC: SAPX), the Los Angeles, CA independent motion picture production and distribution company, rose 47.69% Tuesday on twice average volume.
Seven Arts Entertainment announced Friday that its Chief Executive Officer, Peter Hoffman, had sent to stockholders a letter discussing the 1-for-70 reverse stock split and the wave of selling that followed.
Hoffman said the persons responsible for the selloff were not stockholders, had not borrowed common stock, or had not complied with short selling rules.
Seven Arts Entertainment closed at $0.31 on Tuesday.
Shares of RiT Technologies (NASDAQ: RITT), the Israel-based provider of intelligent solutions for data center infrastructure management, rose 14.73% Tuesday on average volume.
RiT Technologies (RITT) today announced that it is in final development of the first product in its revolutionary new Indoor Wireless Optical Network (IWON) product family, positioning it for market launch during the third quarter of 2013.
The IWON system will be suitable for both new installations and retrofit/replacement projects, in both open spaces and large conference rooms. In parallel, its utilization of multiple security layers will improve network connectivity security as compared with conventional horizontal cabling approaches.
RiT Technologies closed at $4.83 on Tuesday.
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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