Market Overview

Benzinga's Microcap Movers for Thursday October 11, 2012

Benzinga's Microcap Movers for Thursday October 11, 2012

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

US Rare Earths

Shares of US Rare Earths (OTC: UREE), the Lonoke, AR mineral exploration, mining and claims acquisition company, rose 100% Thursday on 4 times average volume.

U.S. Rare Earths announced Monday the results of a review of its Diamond Creek (Idaho) deposit, based on historical studies supplemented by recent field work.

The review, conducted by James Hedrick, head of the USRE Advisory Board, builds on U.S. Geological Survey reports that indicate a total probable potential resource of 68,495 tons of Rare Earth Oxide in Diamond Creek.

In addition to its Rare Earths findings, the USGS reported gold contents at Diamond Creek of 0.583, 2.40, and 11.931 g/metric ton (0.017, 0.07, and 0.348 oz/short ton) from samples cut across one of the larger veins. A high of 102.857 g/metric ton (3 oz/ton) of gold has been reported for one of the veins by the U.S. Atomic Energy Commission (now the Nuclear Regulatory Commission).

US Rare Earths closed at $2.00 on Thursday.

USA Technologies

USA Technologies (NASDAQ: USAT), the San Diego, CA provider of wireless, cashless payment systems, rose 21.77% Thursday on 10 times average volume.

In 8-K filing Wednesday, USA Technologies stated: On October 9, 2012, USA Technologies and Visa (NYSE: V), entered into a First Amendment to the agreement that had been previously entered into between them on October 12, 2011 Pursuant to the First Amendment, the original one-year term of the Agreement has been extended until October 31, 2013, and will automatically renew for an additional year, or until October 31, 2014, unless either party would provide at least 60-days prior notice of non-renewal.

USA Technologies closed at $1.51 on Thursday.

DragonWave

Shares of DragonWave (NASDAQ: DRWI), the Ottawa, Canada provider of high-capacity packet microwave solutions that drive next-generation IP networks, rose 11.36% Thursday on 7.5 times average volume.

DragonWave reported a small than expected loss Wednesday in their Q2 earnings report.

DragonWave closed at $2.45 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.

Posted-In: Long Ideas News Short Ideas Small Cap After-Hours Center Movers Trading Ideas

 

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