Benzinga's Small Cap Movers for Tuesday January 8, 2013
Below are highlights from Benzinga's daily coverage of small cap securities making big moves:
Shares of Pacific Biosciences (NASDAQ: PACB), the Menlo Park, CA provider of the PacBio RS High Resolution Genetic Analyzer, rose 17% Tuesday on twice average volume.
Pacific Biosciences and the University of California, Davis announced Tuesday, a partnership for the 100K Pathogen Genome Project. As part of the project, Pacific Biosciences' Single Molecule, Real-Time technology will be used to sequence the genomes from at least 1,000 foodborne pathogen samples to completion, and to elucidate their epigenomes. These bacteria represent major illness-causing pathogens, including Salmonella, Campylobacter, E. coli, Vibrio, and Listeria.
Pacific Biosciences closed at $2.12 on Tuesday.
Shares of Uranium Resources (NASDAQ: URRE), the Lewisville, TX Uranium exploration and mining company, rose 12% Tuesday on 3 times average volume.
Uranium Resources announced Monday the expansion and extension of its South Texas exploration agreement with Cameco Texas, a subsidiary of Power Resources, Inc., which is a subsidiary of Cameco Corporation (NYSE: CCJ). Additionally, the Company signed an amendment to its uranium mining lease option in Kenedy County, Texas for the Tecolote tract, approximately 22,700 net acres that will be a part of the exploration program.
Under the terms of the amended exploration agreement, both parties have agreed to extend the exploration agreement to a five-phase, five-year exploration program to include Tecolote. Cameco has committed $4.3 million to increase its interest to 70% in the expanded program. Cameco will fund and be the exploration operator for Phase III.
Uranium Resources closed at $0.44 on Tuesday.
Suntech Power Holdings
Shares of Suntech Power Holdings (NYSE: STP), the China-based solar energy company, rose 12% Tuesday on 3 times average volume.
The Wall Street Journal reported Tuesday that China plans to more than double its installed capacity for solar electricity this year.
Suntech Power Holdings closed at $1.66 on Tuesday.
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