Market Overview

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:

Pacific Biosciences

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.

Uranium Resources

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.

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 News Short Ideas Small Cap Global After-Hours Center Movers Trading Ideas


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