Benzinga's Small Cap Movers for Tuesday December 4, 2012
Below are highlights from Benzinga's daily coverage of small cap securities making big moves:
Shares of Superconductor Technologies (NASDAQ: SCON), the Austin, TX developer and producer of high temperature superconducting materials, rose 19% Tuesday on 21 times average volume.
Superconductor Technologies announced Tuesday the U.S. Patent and Trademark Office (USPTO) has issued a critical patent on STI's Reactive Co-Evaporation Cyclic Deposition and Reaction (RCE-CDR) device and method for fabricating HTS thin films for 2G HTS wire. The newly issued patent, U.S. Patent No. 8,290,553, is entitled "Device and Method for Fabricating Thin Films by Reactive Evaporation" and expires in 2025.
In addition, the European Patent Office recently indicated that it is prepared to grant a patent on STI's optimized composition of yttrium barium copper oxide (YBCO), expanding the US Patent 7,867,950 issued January 11, 2011.
Superconductor Technologies closed at $0.34 on Tuesday.
Shares of Lightbridge (NASDAQ: LTBR), the Tysons Corner, VA developer of proliferation resistant fuel technology, rose 12% Tuesday on higher than average volume.
Lightbridge announced Tuesday that corporate executives will present updates on Lightbridge operations, financial performance and strategic direction at two investor conferences on Wednesday, December 5, 2012.
At 8:15 AM ET, Seth Grae, Lightbridge President and Chief Executive Officer, will speak and answer questions at the RedChip Small-Cap Virtual Conference. At 6:30 PM ET, James P. Malone, Lightbridge Chief Nuclear Fuel Development Officer, will address the 5th Annual LDMicro Growth Conference in Los Angeles.
Lightbridge closed at $1.59 on Tuesday.
Shares of Aldila (OTC: ALDA), the Poway, CA designer, manufacturer and marketer of carbon-based composite products and materials used in various end markets, rose 54% Tuesday on 45 times average volume.
Aldila announced Tuesday that it has signed a merger agreement with Mitsubishi Rayon America. The Merger Agreement provides that upon the effectiveness of the merger, Aldila's stockholders will receive cash consideration of $4.00 per share, representing a total purchase price of approximately $22 million for Aldila's common shares and a premium of 60% above Aldila's share price of $2.50 at the close of trading on December 3, 2012.
The Board has scheduled a stockholders meeting to be held on December 27, 2012, with a record date of November 21, 2012, for the stockholders to act on and approve the merger.
Aldila closed at $3.85 on Tuesday.
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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