Benzinga's Microcap Movers for Friday August 17, 2012

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

Shares of Mer Telemanagement Solutions

, the Israel-based provider of business support systems for comprehensive telecommunication management, telecommunications expense management solutions and customer care & billing solutions, rose 40.62% Friday on 55 times average volume. Mer Telemanagement Solutions announced Thursday its financial results for the second quarter of 2012. Revenues for the second quarter of 2012 were $3.3 million, compared with $3.0 million in revenues during the same quarter last year and revenues of $3.0 million in the first quarter of 2012. The Company's operating profit was $517,000 in the second quarter of 2012 compared to an operating profit of $191,000 for the second quarter of 2011 and $280,000 in the first quarter of 2012. Net income for the second quarter was $460,000 or $0.10 per diluted share, compared with net income of $229,000 or $0.05 per diluted share in the second quarter of 2011 and $310,000 or $0.07 per diluted share in the first quarter of 2012. Revenues for the six month period ended June 30, 2012 were $6.3 million, compared with $5.8 million for the comparable period in 2011. Net income for the six months ended June 30, 2012 was $770,000 or $0.17 per diluted share, compared with net income of $362,000 or $0.08 per diluted share in the comparable period in 2011. Mer Telemanagement Solutions closed at $2.25 on Friday.

Shares of Digital Ally

, the Overland Park, KS developer of advanced digital technology products for law enforcement, homeland security and commercial security applications, rose 25.00% Friday on 10 times average volume. Digital Ally announced Thursday that it has filed a notice with The Nasdaq Stock Market stating that its Board of Directors has voted to effect a 1-for-8 reverse split of its issued and outstanding common stock. The reverse stock split will be effective August 24, 2012. The Company is taking such action in order to comply with the minimum closing bid price requirement for continued listing on The Nasdaq Capital Market. In order to remain listed, the closing bid price of the Company's common stock must be $1.00 per share or higher for a minimum of ten consecutive business days prior to September 10, 2012, under applicable Nasdaq rules. Digital Ally closed at $0.60 on Friday.

Shares of UR-Energy

, the Littleton, CO junior uranium company, rose 12.75% Friday on twice the average volume. Ur-Energy announced Friday that the Bureau of Land Management has selected the Drying Yellowcake On-Site Alternative as the preferred alternative in the Final EIS. This action involves drying the uranium oxide into a solid yellowcake product. Housing the drying-packaging facility within the processing plant will reduce shipments from the site, resulting in fewer transportation-related impacts, fewer wildlife disturbances, and cleaner air quality. The Final EIS is not a decision document. A Record of Decision is expected to be signed shortly after the Final EIS availability period closes thirty days from today. UR-Energy closed at $1.15 on Friday.