Benzinga's Small Cap Movers for Thursday December 6, 2012
Below are highlights from Benzinga's daily coverage of small cap securities making big moves:
Shares of Metabolix (NASDAQ: MBLX), the Cambridge, MA bioscience company delivering sustainable solutions to the plastics, chemicals and energy industries, rose 45% Thursday on 10 times average volume.
Metabolix announced Thursday that it has received a subaward under the Advanced Research Projects Agency – Energy (ARPA-E) to work with the UCLA Henry Samueli School of Engineering and Applied Science to redesign carbon fixation pathways to increase the efficiency of capturing energy from sunlight. This is the third grant awarded to Metabolix in 2012 for leading-edge crop research targeting multi-gene expression and transformation of plants, and builds upon its years of experience in transforming plants for bio-product production. Funding from these three grants will total nearly $1 million and will run through 2014.
Metabolix closed at $2.16 on Thursday.
Shares of BSD Medical (NASDAQ: BSDM), the Salt Lake City, UT provider of medical systems utilizing heat therapy to treat cancer, rose 21% Thursday on 7 times average volume.
BSD Medical announced Thursday a 586% increase in sales for the MicroThermX Microwave Ablation System (MicroThermX) product line for the fiscal quarter ended November 30, 2012, as compared to the fiscal quarter ended November 30, 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 sales of MicroThermX equipment. This is a dramatic increase in sales for MicroThermX products and representative of a continuing trend of accelerating MicroThermX revenue.
BSD Medical closed at $1.80 on Thursday.
Red Lion Hotels
Shares of Red Lion Hotels (NYSE: RLH), the Spokane, WA hospitality and leisure company primarily engaged in the ownership, operation and franchising of midscale hotels under its Red Lion brand, rose 7% Thursday on 4 times average volume.
Red Lion Hotels announced that James P. Evans, David J. Johnson, Robert G. Wolfe and Michael Vernon have been appointed to the company's Board of Directors, effective Thursday.
Red Lion Hotels closed at $7.88 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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