These 5 Small Cap Stocks Are Up Better Than 10% Today
As part of Benzinga's ongoing coverage of the small-cap space, we have identified 5 potential trade opportunities for the final two hours of the day. All of these stocks have market caps between $50 million and $300 million and are trading up better than 10% during Monday's session. In particular, look for these names to be volatile in the last hour of trade.
Ampio Pharmaceuticals (NASDAQ: AMPE)? - At last check, this stock was trading up a little less than 11% on very heavy volume. Shares, however, are well off of their early session gains at $3.54. The move in the name comes on the heels of a company announcement saying that its experimental eye drug significantly reduced retinal swelling in diabetic patients in a mid-stage study. Volume has been very heavy with around 1.4 million AMPE shares trading hands on the day compared to a 3-month daily average of under 250,000.
China Sunergy (NASDAQ: CSUN) - This stock has been quite volatile in recent sessions, and on Monday, CSUN was up more than 13% to $1.62. It appears as if a good portion of the gains could have been as a result of a big order. The company said last Friday that it had introduced QSAR modules in Thailand.
Internet Gold Golden Lines (NASDAQ: IGLD) - This stock was last trading up 15.35% to $4.13 on Monday. The company currently has a market cap of just under $80 million. Given the very illiquid nature of this small-cap name, the move could be the result of one or two buyers. Around 14,500 IGLD shares have traded hands on the session compared to a daily average of under 4,000. Year-to-date, the stock has lost nearly 63%.
IntegraMed America (NASDAQ: INMD) - This company announced that it had agreed to be acquired by Sagard Capital Partners for $169.5 million on Monday morning. The deal values the company at $14.05 per share. At last check, INMD shares had jumped 20.63% to $13.68 on the day.
Smith Micro Software (NASDAQ: SMSI) - This stock spiked in intra-day trade on rumors that its "Push-to-Talk" service will be included in Apple's iOS 6, the new operating system for iPhones and iPads. At last check, the stock was trading up 11.80% to $1.80 on heavy volume. The company currently has a market cap of under $65 million.
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