Benzinga's Microcap Movers for Tuesday February 28, 2012

Below are highlights from Benzinga's daily coverage of microcap securities making big moves: Universal Bioenergy Shares of Universal Bioenergy (UBRG), the Irvine, CA provider of independent diversified energy company, rose 83% Tuesday on 17 times the average daily volume. Universal Bioenergy announced Tuesday that it has closed the transaction for the acquisition of a 40% stake in the Whitesburg Friday Branch Mine, a producer and provider of thermal steam coal in eastern Kentucky in a deal valued at over $264 million over the next five years. Formal notification of the closed transaction is pending filing with the U.S. Securities and Exchange Commission on Form 8-K, which will include a copy of the definitive agreement. Universal Bioenergy closed at $0.05 on Tuesday. CyberDefender Shares of CyberDefender CYDE , the Los Angeles, CA developer of security software and LiveTech support services, rose 60% Tuesday on 6 times the average daily volume. On February 23, 2012, CyberDefender filed a voluntary Chapter 11 bankruptcy petition with the Bankruptcy Court. The Company will continue its ordinary course of business operations and will operate as a debtor-in-possession within the bankruptcy proceeding. The bankruptcy filing was necessitated by the Company's inability to secure required new equity or debt financing. The Company hopes to use the protections provided by the Chapter 11 process to consummate the transactions contemplated by the APA. The Company believes that the Chapter 11 filing provides it with the best chance of preserving the value of its business assets and maximizing the return to all of the stakeholders of the Company. CyberDefender closed at $0.06 on Tuesday. Summer Infant Shares of Summer Infant SUMR, the Woonsocket, RI designer, marketer, and distributer of branded juvenile health, safety, and wellness products rose 25% Tuesday on 5 times the average daily volume. Summer Infant announced Tuesday financial results for the fourth quarter and full year ended December 31, 2011. Net revenues in the fourth quarter of 2011 increased 8.4% to $55.4 million from $51.1 million in the fourth quarter of 2010. Gross profit totaled $19.5 million in the fourth quarter of 2011 compared to $16.1 million in the fourth quarter of 2010. Summer Infant closed at $6.02 on Tuesday.