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

, 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

. Talon Therapeutics closed at $0.53 on Wednesday.

Shares of Green Technology Solutions

, 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.

Shares of China HGS Real Estate

, 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.