Market Overview

Benzinga's Microcap Movers for Wednesday October 31, 2012

Benzinga's Microcap Movers for Wednesday October 31, 2012

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

Talon Therapeutics

Talon Therapeutics (OTC: TLON), the San Mateo, CA biopharmaceutical company, rose 1.33% Wednesday on lower than average volume.

Talon Therapeutics was rumored Wednesday to have hired Goldman Sachs as an adviser, according to Deal Reporter.

Talon Therapeutics closed at $0.53 on Wednesday.

Green Technology Solutions

Shares of Green Technology Solutions (OTC: GTSO), the San Jose, CA green technology company, fell 4.29% Wednesday on light volume.

GTSO Resources, the mining subsidiary of Green Technology Solutions, achieved a major milestone in its quest to expand into the booming urban mining business this week by completing the acquisition of e-waste recycling start-up Global Cell Buyers.

Urban mining is the process of reclaiming materials such as gold, palladium, rare earths and other valuable metals from discarded and obsolete electronics. “We have big plans for Global Cell Buyers,” said GTSO CEO Paul Watson. “This acquisition is a big step for our company and our shareholders as we grow and diversify our business.”

Green Technology Solutions, closed at $0.13 on Wednesday.

China HGS Real Estate

Shares of China HGS Real Estate (NASDAQ: HGSH), the China-based real estate developer, rose 175% Wednesday on 64 times average volume.

There was no news to account for the move today.

China HGS Real Estate closed at $1.10 on Wednesday.

The information in this article is taken from public sources, press releases, and websites that cannot always be verified. Please note that investing in microcap stocks is highly speculative. The companies mentioned here are for information purposes only. Benzinga makes no claim as to the suitability of these stocks as an investment. Neither Benzinga nor its staff recommend that you buy, sell, or hold any security. We do not offer investment advice, personalized or otherwise. Benzinga recommends that you conduct your own due diligence and consult a certified financial professional for personalized advice about your financial situation.


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