Market Overview

Benzinga's Small Cap Movers for Friday February 8, 2013

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

Entree Gold

Shares of Entree Gold (NYSE: EGI), the Vancouver, BC gold and copper exploration company, rose 18% Friday on 2.5 times average volume.

Lindsay Bottomer, Vice President Business Development, is scheduled to present at the Prospectors & Developers Association of Canada Trade Show at 10:40 AM on Tuesday, March 5, 2013.

Entree Gold closed at $0.60 on Friday.

Zion Oil & Gas

Zion Oil & Gas (NYSE: ZN), the Dallas, TX-based oil and gas exploration company, which explores for oil and gas in Israel in areas located onshore between Haifa and Tel Aviv, rose 18% Friday on 4 times average volume.

On January 24, 2013, Zion Oil & Gas sent out its stockholders and other subscribers to its database a report updating the status of the Company's drilling operations. The company has been the subject of newsletter promotions recently.

Zion Oil & Gas closed at $1.25 on Friday.

Cardica

Shares of Cardica (NASDAQ: CRDC), the Redwood City, CA designer and manufacturer of proprietary stapling and anastomotic devices for cardiac and laparoscopic surgical procedure, rose almost 10% Friday on lower than average volume.

Cardica released its 10-Q on announced Friday. Total net revenue was $874,000 for the three months ended December 31, 2012, compared to $912,000 for the same period in 2011. Product sales decreased by $38,000, or 5%, to $773,000 for the three months ended December 31, 2012, compared to $811,000 for the same period in 2011. The decrease in product sales for the three months ended December 31, 2012, was primarily attributable to lower PAS-Port system sales, offset in part by the first commercial sales of the MicroCutter XCHANGE 30 of $24,000.

Cardica closed at $1.38 on Friday.

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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