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Benzinga's Microcap Movers for Friday February 17, 2012: CABN, CCGI, ZIMCF

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

ZIM Corporation

Shares of ZIM Corporation (ZIMCF), the Ottawa, Canada provider of software products and services for the database and mobile markets, rose 8,900% Friday on only 90,000 shares.

Zim announced Friday its financial results for its second quarter ended December 31, 2011. All figures presented are calculated in accordance with generally accepted accounting principles in the United States and presented in US dollars.

Revenue for the quarter ended December 31, 2011 was $483,869, a decrease from $503,425 for the same period last year. The decrease in revenue is primarily attributable to a decrease in SMS messaging and mobile content revenue.

Net income for the quarter ended December 31, 2011 was $211,604 or a basic and diluted income per share of $0.002. The net income for the same period last year was $123,493 or a basic and diluted income per share of $0.001. The increase in net income principally reflects an increase in enterprise software sales, software revenue recognition and receipt of income tax credits related to research and development.

ZIM Corporation closed at $0.01 on Friday.

Car Charging Group

Shares of Car Charging Group (CCGI), the Miami Beach, FL supplier of EV charging services, rose 28% Friday on 14 times the average daily volume.

On January 31, 2012, Car Charging Group entered into a Stock Purchase Agreement with Platinum Partners Liquid Opportunity Master Fund, LP. Pursuant to the Purchase Agreement, the Company sold 500,000 shares of its common stock, $0.001 par value per share to the Purchaser at per share price of $1.00 for aggregate offering proceeds of $500,000. The proceeds received by the Company will be used for working capital and the acquisition and installation of Electric Vehicle Charging Stations

Car Charging Group closed at $1.80 on Friday.

Carbon Sciences

Shares of Carbon Sciences (CABN), the Santa Barbara, CA developer of processes to turn gas into transportation fuel, rose 32% Friday on twice the average daily volume.

On February 13, Carbon Sciences announced that it had filed two provisional patent applications related to its steam reforming catalyst technology. The patents are designed to provide comprehensive protection for its global intellectual property portfolio.

Carbon Sciences closed at $1.70 on Friday.

 

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