Benzinga's Small Cap Movers for Tuesday November 20, 2012
Below are highlights from Benzinga's daily coverage of small cap securities making big moves:
Shares of School Specialty (NASDAQ: SCHS), the Greenville, WI education company that provides proprietary products, programs and services for educators and students, rose 15% Tuesday on 10 times average volume.
School Specialty reported Tuesday second quarter and six months results for the period ending October 27, 2012. Revenue for the second quarter of fiscal 2013 was $236.9 million, compared with $251.4 million in the prior year, a decline of 5.8 percent. Net income for the second quarter of fiscal 2013 was $14.1 million or $0.75 per diluted earnings per share compared with $8.9 million or $0.47 per diluted share last year.
School Specialty closed at $1.78 on Tuesday.
Shares of Eltek (NASDAQ: ELTK), the Israel-based manufacturer and marketer of printed circuit boards, rose almost 20% Tuesday on 12 times average volume.
Eltek produces the flex-rigid printed circuit boards being used in the Iron Dome air defense systems by Israel in its war against Hamas.
Eltek closed at $1.23 on Tuesday.
Shares of U.S. Geothermal (NYSE: HTM), the Boise, ID developer of geothermal resources in the western region of the United States, rose 16% Tuesday on 3.5 times average volume.
On November 19, 2012 U.S. Geothermal announced that on November 16, 2012 its' wholly owned subsidiary, USG Oregon LLC, achieved commercial operation at the Neal Hot Springs project located near Vale, Oregon.
Under the terms of the project power purchase agreement, electricity generated by the three-module power plant will now be sold to Idaho Power Company at the rate of $96.00 per megawatt-hour for the remainder of 2012 and at the rate of $99.00 per megawatt-hour for the power produced during 2013. Currently, two power modules are operating on a continuous basis, producing approximately 16 to 18 net megawatts per hour. The third power module is scheduled to begin commissioning and start-up activities during the last week of November. With three modules operating at full capacity the project is expected to generate between 165,000 to 185,000 megawatt-hours of electricity each year.
U.S. Geothermal closed at $0.42 on Tuesday.
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