Benzinga's Small Cap Movers for Wednesday January 16, 2013
Below are highlights from Benzinga's daily coverage of small cap securities making big moves:
Shares of Intervest Bancshares (NASDAQ: IBCA), the New York-based parent company of Intervest National Bank, rose 10% Wednesday on 4.5 times average volume.
Intervest Bancshares reported Wednesday that its net earnings for the fourth quarter of 2012 increased to $3.1 million, or $0.14 per common share, from $2.7 million, or $0.13 per share, for the fourth quarter of 2011, and net earnings for the full year 2012 increased to $10.4 million, or $0.48 per share, from $9.5 million, or $0.45 per share, for 2011.
Intervest Bancshares closed at $4.39 on Wednesday.
Shares of Unilife Corp (NASDAQ: UNIS), the York, PA developer of injectable drug delivery systems, rose 13% Wednesday on 5 times average volume.
Unilife was the suject of a Seeking Alpha blog post on Wednesday.
Unilife Corp closed at $2.55 on Wednesday.
Shares of Kingold Jewelry (NASDAQ: KGJI), the China-based manufacturer and designer of high quality 24-karat gold jewelry, rose 15% Wednesday on almost 8 times average volume.
Kingold Jewelry announced Wednesday that the Company has signed a Gold Leasing Agreement with China Construction Bank's Wuhan Jiang'An branch. The Agreement is similar to a revolving credit line, with CCB providing Kingold a reusable credit line of up to RMB250 million (approximately US$40.2 million); however, draw downs under the facility (and repayment thereunder) will be made in gold rather than currency.
Kingold Jewelry, closed at $2.65 on Wednesday.
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