Benzinga's Small Cap Movers for Thursday February 14, 2013
Below are highlights from Benzinga's daily coverage of small cap securities making big moves:
Shares of Discovery Laboratories (NASDAQ: DSCO), the Warrington, PA biotechnology company, rose 23% Thursday on 8 times average volume.
Discovery Laboratories announced Wednesday that it has entered into a secured loan facility with Deerfield Management Company, L.P. for up to $30.0 million in financing.
Discovery Laboratories closed at $2.67 on Thursday.
Westinghouse Solar (OTC: WEST), the Campbell, CA designer and manufacturer of integrated rooftop solar power systems, rose 105% Thursday on 40 times average volume.
Westinghouse Solar shares rose as part of a strong solar sector on Thursday.
Westinghouse Solar closed at $0.12 on Thursday.
S&W Seed Company
Shares of S&W Seed Company (NASDAQ: SANW), the Five Points, CA producer of warm climate, high yield alfalfa seed varieties, rose 12% Thursday on almost 5 times average volume.
S&W Seed announced Wednesday, financial results for its second quarter of fiscal year 2013 ended December 31, 2012. For the second fiscal quarter ended December 31, 2012, S&W reported revenues of $13.7 million versus $4.7 million in the comparable period of the prior year, an increase of 189%, and versus $6.7 million in first quarter ended September 30, 2012, an increase of 104%. Adjusted non-GAAP net income for the second quarter of fiscal 2013, excluding the stevia valuation reserve and acquisition related expenses (See Non-GAAP Adjustments to Income Statement), was $351,000, or $0.05 per basic and $0.04 per diluted share, compared to $89,000, or $0.01 per basic and diluted share, in the first quarter of fiscal 2013, and compared to $443,000, or $0.08 per basic and diluted share, in the second quarter of fiscal 2012.
S&W Seed Company closed at $8.75 on Thursday.
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