Benzinga's Small Cap Movers for Monday March 4, 2013

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Below are highlights from Benzinga's daily coverage of small cap securities making big moves:
China YCT Internatioanal Group
Shares of Shares of China YCT International Group
CYIG
, the china-based company, specializing in the production and sales of Gingko nutraceutical health products, rose almost 100,000% at one point on Monday on 65,000 times average volume. There was no specific news to account for the move and a company listed as the investor relations contact, said they have not represented China YCT International Group for five years. The company did file a 10Q on February 13. China YCT International Group closed at $1.40 on Monday.
HMG/Courtland Properties
HMG/Courtland Properties
HMG
, the Coconut Grove, FL REIT, rose 139% Monday on 363 times average volume. On February 25, 2013, HMG/Courtland Properties and its 95% owned subsidiary, Courtland Investments, completed the sale of the Company's interests in Grove Isle Associates LLLP, Grove Isle Yacht Club Associates, Grove Isle Investments Inc. and CII Yacht Club, Inc., which represent interests in the Grove Isle hotel, club, tennis courts and marina to Grove Isle Yacht & Tennis, LLC, a Florida limited liability company and an unrelated entity, pursuant to a purchase agreement entered into on the same day. The purchase price was $24.4 million, consisting of $23.4 million in cash and a $1 million promissory note due from the Purchaser. Approximately $2.7 million of the proceeds were used to pay off the existing mortgage on the Grove Isle Property. The Company estimates a consolidated gain on the sale of these interests of approximately $20 million (or $20 per share) before the incentive fee. HMG/Courtland Properties closed at $16.50 on Monday.
Advanced Photonix
Shares of Advanced Photonix
API
, the Ann Arbor, MI supplier of optoelectronic components, rose 13% Monday on twice average volume. Advanced Photonix announced Monday that it has acquired certain assets of Silonex, a wholly owned subsidiary of ARCAS Automotive Group (Luxco 1) S.a.r.l. , in exchange for a cash payment of $900,000. Advanced Photonix closed at $0.51 on Monday.
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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