Benzinga's Microcap Movers for Wednesday April 11, 2012

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

Shares of NeurogesX

, the San Mateo, CA biopharmaceutical company, rose 22% Wednesday on twice the average daily volume. NeurogesX announced Wednesday that the U.S. Food and Drug Administration has accepted the Company's request for an End-of-Phase 2 meeting to discuss the continued clinical investigation of NGX-1998 as a treatment for certain neuropathic pain conditions including, specifically, the Company's plans for entering NGX-1998 into Phase 3 development. The Company anticipates that the End-of-Phase 2 meeting will occur in the third quarter of 2012. NeurogesX closed at $0.48 on Wednesday.

Shares of Sino-Global Shipping America

, the Flushing, NY provider shipping agency services for foreign ships coming to and departing from Chinese ports, rose 50% Wednesday on 14 times the average daily volume. Sino-Global shares rose on overall strength in the shipping sector Wednesday. There was no specific news. Sino-Global Shipping America closed at $3.98 on Wednesday.

Shares of Satcon Technology

, the Boston, MA clean energy technology company, rose 60% Wednesday on 3 times the average daily volume. Satcon Technology provided a business update and certain preliminary unaudited financial results Wednesday for its first quarter ended March 31, 2012. Based on preliminary financial data and subject to the final closing of the company's books, Satcon expects first-quarter 2012 revenue will be between $22 million and $25 million, in line with its previously announced guidance of $22 million to $28 million. Bookings for the first quarter were approximately $45 million, an increase of approximately 130% from the fourth quarter of 2011 and 27% from the first quarter of 2011. In addition, the quarter was the company's most successful bookings period in four quarters, with a book-to-bill ratio of 1.9:1. Satcon Technology closed at $0.48 on Wednesday.