Benzinga's Small Cap Movers for Thursday January 17, 2013
Below are highlights from Benzinga's daily coverage of small cap securities making big moves:
Shares of NewLead Holdings (NASDAQ: NEWL), the Greece-based shipping and commodity company, rose 22% Thursday on 24 times average volume.
NewLead Holdings announced Thursday that it has entered into an agreement to acquire title and excavation rights in properties containing 18.6 million tons of estimated coal reserves for $11.0 million. NewLead also entered into an agreement to acquire ownership and leasehold interests in properties containing approximately 143.1 million tons of coal for $55.0 million.
NewLead Holdings closed at $1.57 on Thursday.
Industrial Services of America
Shares of Industrial Services of America (NASDAQ: IDSA), the Louisville, KY buyer, processer and marketer of scrap metals and recyclable materials for domestic users and export markets, rose 17% Thursday on twice average volume.
Industrial Services of America announced Thursday that Harry Kletter, Chief Executive Officer, will be retiring at the annual stockholder meeting in May 2013. In connection with his retirement, Mr. Kletter will not stand for reelection to the Board.
Industrial Services of America closed at $3.07 on Thursday.
Dot Hill Systems
Shares of Dot Hill Systems (NASDAQ: HILL), the Longmont, CO provider of SAN storage solutions, rose 11% Thursday on almost 8 times average volume.
Dot Hill Systems announced Thursday that Hanif Jamal, chief financial officer, will present at "NINE", Noble Financial Capital Markets' Ninth Annual Equity Conference at the Hard Rock Hotel in Hollywood, Florida, on Wednesday, January 23, at 11:30 a.m. ET. Dot Hill Systems, closed at $1.15 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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