Market Overview

Benzinga's Microcap Movers for Monday January 23, 2012

Share:

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

Lee Enterprises

Shares of Lee Enterprises (NYSE: LEE), the Davenport, IA owner of 52 daily newspapers, rose 23% Monday on 3.8 times the average daily volume.

Lee gained court approval of a restructuring plan that will enable it to emerge from bankruptcy by the end of the month, while protecting shareholders from being wiped out.

Lee Enterprises closed at $1.10 Monday.

Village Bank and Trust

Shares of Village Bank and Trust, (NASDAQ: VBFC), the Midlothian, VA bank holding company, rose 51% Monday on 18 times the average daily volume.

There was no news to account for the rise in share price.

Village Bank and Trust closed at $2.04 Monday.

Columbia Laboratories

Shares of Columbia Laboratories (NASDAQ: CBRX), the Livingston, NJ women's healthcare company, fell 55% Monday on 13 times the average daily volume.

Columbia Laboratories and Watson Pharmaceuticals confirmed Friday that the Advisory Committee for Reproductive Health Drugs of the U.S. Food and Drug Administration did not recommend approval of progesterone vaginal gel 8% for the reduction of risk of preterm birth in women with short uterine cervical length at the mid-trimester of pregnancy. While panel members generally agreed that progesterone vaginal gel 8% is safe, the panel stated that more information is needed to support approval.

Columbia Laboratories closed at $0.71 Monday.

 

Related Articles (CBRX + LEE)

View Comments and Join the Discussion!

Posted-In: Long Ideas News Short Ideas Small Cap Movers Trading Ideas

Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com