Below are highlights from Benzinga’s daily coverage of small cap securities making big moves:
Crimson Exploration
Shares of Crimson Exploration (NASDAQ: CXPO), the Houston, TX independent energy company, rose almost 12% Monday on 3 times average volume.
Stifel Nicolaus upgraded Crimson Exploration Hold to Buy Monday, with a price target of $3.75. Crimson Exploration closed at $3.13 on Monday.
Intellicheck Mobilisa,
Shares of Intellicheck Mobilisa (NYSE: IDN), the Port Townsend, WA provider of identity solutions and wireless security systems, rose 7% Monday on 6 times average volume.
Intellicheck has been awarded a software license agreement by a major U.S. luxury specialty retail chain to deploy its ID-Check verification software in the retailer’s stores nationwide.
Dr. Nelson Ludlow, President and CEO of Intellicheck Mobilisa, said, “We are pleased to have our software solution chosen by such a prestigious retailer, and we are confident it will enhance their customers’ experience while bolstering security chainwide.” Intellicheck Mobilisa closed at $0.91 on Monday.
Tucows
Shares of Tucows (NYSE: TCX), the Toronto, ON global Internet services company, rose almost 9% Monday on 5 times average volume.
Tucows announced January 10, the final results of its modified “Dutch auction” tender offer, which expired at 5:00 p.m., New York City time, on January 4 , 2013. Tucows will purchase 4,114,121 shares of its Common Stock at a purchase price of $1.50 per share, for a total cost of $6,171,182 , excluding fees and expenses related to the tender offer. Payment for shares accepted for purchase will be funded partly in cash and from two demand loan facilities Tucows currently has with the Bank of Montreal. The 4,114,121 shares accepted for purchase in the tender offer represent approximately 9.3% of Tucows’ currently issued and outstanding Common Stock.
Tucows closed at $1.74 on Monday.
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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