Market Overview

Benzinga's Small Cap Movers for Friday December 28, 2012


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

Tri-Tech Holding

Shares of Tri-Tech Holding (NASDAQ: TRIT), the China-based provider of integrated solutions for the protection, control and enhancement of China's water resources and environmental protection, rose 52% Friday on 19 times average volume.

There was unconfirmed chatter on Friday of a "going private" proposal from the company's joint CEOs.

Tri-Tech Holding closed at $2.78 on Friday.

Sonde Resources

Shares of Sonde Resources (NYSE: SOQ), the Calgary, Canada based energy company engaged in the exploration and production of oil and natural gas, rose 27% Friday on 5 times average volume.

Sonde Resources announced Friday that it has farmed out 66.67% of its interest in the Joint Oil Block to Viking Energy North Africa Limited, a private company. Sonde will receive the following consideration in connection with the farm out: 1) Viking will pay Sonde in total a US $3 million non-refundable signature bonus, 2) Viking will assume responsibility for the three well exploration commitment under the terms of the EPSA and fund 100% of the Joint Oil Block share of the Unit Plan of Development for the Zarat Field. The first well, Fisal, is to be drilled in 2013 along with the acquisition of seismic data covering the Hadaf prospect, 3) Viking will also provide to Sonde, prior to closing, the appropriate form of corporate guarantee with the agreed upon commercial terms, in order to secure the remaining work commitment under the terms of the EPSA, 4) Sonde will receive 20% of the cost recovery and profit share revenue until Sonde recovers US $70 million. After payout of all Viking expenditures, the revenue will be split 33.33% to Sonde and 66.67% to Viking, 5) Sonde retains the option to fund its 33.33% share of two of the exploration wells, 6) Any future discoveries will be shared 33.33% to Sonde and 66.67% to Viking.

Sonde Resources closed at $1.70 on Friday.

Oculus Innovative Sciences

Shares of Oculus Innovative Sciences (NASDAQ: OCLS), the Petalum, CA healthcare company that designs, produces and markets innovative, safe and effective anti-infective products and medical devices, rose 17% Friday on twice average volume.

Oculus Innovative Sciences announced Friday, the issuance of new U.S. patent for the use of Microcyn Technology in the treatment of skin ulcers. In this application, Microcyn Technology can be delivered to skin ulcers via washing, irrigation and soaking or through application of a wound dressing saturated in the Microcyn Technology.

Oculus Innovative Sciences closed at $0.61 on Friday.

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.

Posted-In: Long Ideas M&A News Short Ideas Rumors Small Cap Global After-Hours Center


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