Market Overview

Benzinga's Microcap Movers for Friday February 24, 2012


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


Shares of pSivida (NASDAQ: PSDV), the Watertown, MA provider of miniaturized, sustained-release drug delivery products, rose 48% Friday on 7 times the average daily volume.

There was no specific news to account for the move in pSivida shares.

pSivida closed at $1.74 on Friday.

Global Telecom & Technology

Shares of Global Telecom & Technology (GTLT), the McLean, VA global network operator delivering data services to large enterprise, government and carrier customers in over 80 countries worldwide, rose 31% Friday on more than twice the average daily volume.

Global Telecom & Technology announced Wednesday that Interwrx, an Arizona based ISP company has selected GTT to provide dedicated connectivity and redundancy solutions.

Global Telecom & Technology closed at $2.30 on Friday.

America West Resources

Shares of America West Resources (AWSR), the Salt Lake City, UT coal producer, Fell 49% Friday on 883 times the average daily volume.

America West shares soared 344% on Thursday without any news related to the move. Friday's selloff was most likely profit-taking, as there was again no news.

America West closed at $0.65 on Friday.

Posted-In: Long Ideas News Short Ideas Small Cap After-Hours Center Trading Ideas


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