Microcap Movers for Friday December 16, 2011
Below are highlights from Benzinga's daily coverage of microcap securities. Benzinga provides comprehensive, objective, and conflict-free coverage of the microcap sector in real-time at BenzingaSmallCap.com.
Shares of Abot Mining (ABOT), the Sherman Oaks, CA mining company with projects in Peru, rose 220% Friday on 161 million shares.
Penny stock pumper Worthmore Investments, aka Stockhaven.com, sent out a promo on the stock this morning. Benzinga attempted to contact Abot Mining, but received no reply from the company.
Abot Mining shares traded Friday in a range of $0.01 to $0.05, closing at $0.05.
Shares of Agria Corporation (NYSE: GRO), the Beijing, China agriculture company, rose 27% Friday on 10 times the average daily volume.
Agria Corporation reported a dramatic increase in financial results. Revenue increased to $158.8 million, with net income attributable to the Company of 4.0 million for the six month period ended June 30, 2011. This compares to revenue of $3.3 million, with a net loss of $16.3 million for the six month period ended June 30, 2010.
Agria shares traded Friday in a range of $1.04 to $1.45, closing at $1.35.
New Energy Systems Group
Shares of New Energy Systems Group (NYSE: NEWN), the Shenzhen, China manufacturer and distributor of lithium battery shells and related products, rose 37% Friday on 5 times the average daily volume.
New Energy Systems Group released its 8-K showing disposition of assets. The Company entered into an Equity Transfer Agreement with Xuemei Fang and Weirong Xu on November 24, 2011 to transfer 100% of the equity interest of Billion Electronics Limited to the Buyers for a cash consideration of RMB 85,553,892.75.
On December 9, 2011, the transfer of the equities contemplated in the Equity Transfer Agreement was completed and registered with the BVI authority.
New Energy Systems Group shares traded Friday in a range of $0.65 to $0.90, closing at $0.89.
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