Market Overview

Benzinga's Small Cap Movers for Wednesday January 16, 2013

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

Intervest Bancshares

Shares of Intervest Bancshares (NASDAQ: IBCA), the New York-based parent company of Intervest National Bank, rose 10% Wednesday on 4.5 times average volume.

Intervest Bancshares reported Wednesday that its net earnings for the fourth quarter of 2012 increased to $3.1 million, or $0.14 per common share, from $2.7 million, or $0.13 per share, for the fourth quarter of 2011, and net earnings for the full year 2012 increased to $10.4 million, or $0.48 per share, from $9.5 million, or $0.45 per share, for 2011.

Intervest Bancshares closed at $4.39 on Wednesday.

Unilife Corp

Shares of Unilife Corp (NASDAQ: UNIS), the York, PA developer of injectable drug delivery systems, rose 13% Wednesday on 5 times average volume.

Unilife was the suject of a Seeking Alpha blog post on Wednesday.

Unilife Corp closed at $2.55 on Wednesday.

Kingold Jewelry

Shares of Kingold Jewelry (NASDAQ: KGJI), the China-based manufacturer and designer of high quality 24-karat gold jewelry, rose 15% Wednesday on almost 8 times average volume.

Kingold Jewelry announced Wednesday that the Company has signed a Gold Leasing Agreement with China Construction Bank's Wuhan Jiang'An branch. The Agreement is similar to a revolving credit line, with CCB providing Kingold a reusable credit line of up to RMB250 million (approximately US$40.2 million); however, draw downs under the facility (and repayment thereunder) will be made in gold rather than currency.

Kingold Jewelry, closed at $2.65 on Wednesday.

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 Global After-Hours Center Movers Trading Ideas

 

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