Benzinga's Small Cap Movers for Thursday March 14, 2013
Below are highlights from Benzinga's daily coverage of small cap securities making big moves:
Double Eagle Petroleum
Shares of Double Eagle Petroleum (NASDAQ: DBLE), the Denver, CO natural gas and oil exploration comapany, rose 16% Thursday on 8 times average volume.
Double Eagle Petroleum reported Wednesday, its financial results for the year ended December 31, 2012. The Company had net loss attributable to common stock of $14,050,000, or $1.25 per share, for 2012 as compared to net income of $7,964,000, or $0.71 per share, for 2011. Clean earnings, a non GAAP measure, totaled $15,200,000, or $1.35 per share, for 2012, as compared to $21,068,000 or $1.88 per share, in 2011.
Double Eagle Petroleum closed at $5.84 on Thursday.
Sigma Designs (NASDAQ: SIGM), the Milpitas, CA designer and builder of semiconductor technologies fot IPTV set-top boxes, rose 17% Thursday on 17 times average volume.
Sigma Designs reported Wednesday, financial results and business highlights for its fourth fiscal quarter and fiscal year ended February 2, 2013. Net revenue for fiscal year 2013 was $216.6 million, an increase of $34.0 million, or 18.6%, from $182.6 million in the previous year. Net revenue for the fourth quarter of fiscal 2013 was $44.2 million, down $19.7 million, or 31.0%, from $63.9 million reported in the previous quarter and up $8.6 million, or 24.0%, from $35.6 million reported for the same period last year.
GAAP net loss for the fourth quarter of fiscal 2013 was $35.5 million, or $1.05 per diluted share. This compares to GAAP net loss of $39.5 million, or $1.18 per diluted share, for the previous quarter and GAAP net loss of $18.8 million, or $0.58 per diluted share, for the same period last year.
Sigma Designs closed at $5.20 on Thursday.
Shares of ARCA biopharma (NASDAQ: ABIO), the Broomfield, CO biopharmaceutical company, rose 38% Thursday on 19 times average volume.
ARCA biopharma was the subject of a positive Seeking Alpha article on Thursday.
ARCA biopharma closed at $3.19 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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