Benzinga's Microcap Movers for Thursday April 19, 2012


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Below are highlights from Benzinga's daily coverage of microcap securities making big moves:Feihe International

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Shares of Feihe International (NYSE: ADY), the China-based producer milk powder, soybean milk powder, and related dairy products, rose 11% Thursday on 7 times the average daily volume.Feihe International shares have risen sharply over the past 2 weeks from the low $3 range to over $5 on Thursday. The company issued a press release Thursday announcing that the Company stated its policy not to comment on any unusual market trading activity or rumors in responding to the New York Stock Exchange. NYSE contacted the Company early on in accordance with its usual practice regarding the Company's unusual market activity in the Company's common stock.Feihe International closed at $5.38 on Thursday.SMF Energy CorpShares of SMF Energy Corp (NASDAQ: FUEL), the Fort Lauderdale, FL provider of petroleum product distribution services, rose 62% Thursday on 6 times the average daily volume.On April 16, 2012, SMF Energy received correspondence from The NASDAQ that its staff, after reviewing the announcement by the Company that it had filed a voluntary petition for reorganization under Chapter 11 of the United States Bankruptcy Code, determined that the Company's securities will be delisted from the Nasdaq Stock Market and that trading of the Company's common stock will be suspended at the opening of business on April, 25, 2012. The determination of Nasdaq was pursuant to Listing Rules 5101, 5110b, and IM-5101-1. NASDAQ has also advised the Company that it will be filing a Form 25-NSE with the Securities and Exchange Commission which will remove the Company's securities from listing and registration on The NASDAQ Stock Market. The Company does not expect to appeal the determination of NASDAQ. The Company's NASDAQ symbol is FUEL, but in accordance with NASDAQ technical specifications may be shown as FUELQ so as to indicate the bankruptcy filing of the Company.SMF Energy Corp closed at $0.39 on Thursday.Good Times RestaurantsShares of Good Times Restaurants (NASDAQ: GTIM), the Golden, Co hamburger-oriented drive-through restaurant chain, rose 29% Thursday on 9 times the average daily volume. A spokesperson for Good Times Restaurants told Benzinga that the move, which triggered a circuit-breaker halt, was most likely due to an article in BurgerBusiness. On April 15, shares rose 88% and that move was attributed to day traders by the NASDAQ.Good Times Restaurants closed at $2.06 on Thursday.

Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.


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