Benzinga's Microcap Movers for Monday November 5, 2012
Below are highlights from Benzinga's daily coverage of small cap and microcap securities making big moves:
Shares of Primo Water (NASDAQ: PRMW), the Winston-Salem, NC provider of multi-gallon purified bottled water, self-serve filtered drinking water, water dispensers and CO2 cylinders, rose 54.05% Monday on 18 times average volume.
Primo Water Corporation and Cuisinart announced Monday that the companies have signed a three-year sales, distribution and licensing agreement. Under the terms of the agreement, Cuisinart will market and sell Primo Water's existing line of sparkling beverage appliances and related consumables in North America, and Primo will supply CO2 cylinders for Cuisinart's new proprietary line of sparkling beverage makers.
Primo Water closed at $1.14 on Monday.
Shares of iGo (NASDAQ: IGOI), the Scottsdale, AZ provider of mobile accessories, rose 28.30% Monday on 3 times average volume.
iGO announced Thursday the launch of its new corporate identity with the roll out of its redesigned brand, integrating everything from a new logo and color palette to a revitalized website and product line. The refresh celebrates the success of the brand's reputation for premium power solutions over the past seventeen years and matches the company's modern and imaginative approach to design, pushing boundaries of the mobile lifestyle.
iGo closed at $0.34 on Monday.
Shares of Entree Gold (NYSE: EGI), the Canadian mineral exploration company, rose 11.23% Monday on average volume.
Entrée Gold announced Monday that the power supply deal for the Oyu Tolgoi mine in Mongolia has been finalized. Turquoise Hill Resources announced today that Oyu Tolgoi LLC has signed a binding power purchase agreement with the Inner Mongolia Power Corporation. This agreement is a critical milestone in the development of the Oyu Tolgoi mining complex.
Entree Gold closed at $0.51 on Monday.
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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