Mid-Day Market Movers (ADG, MIPI, FCVA, GENE)

The Allied Defense Group Inc ADG soared 51.52% to $4.00 by 10:02 am. Chemring has agreed to purchase most of ADG's assets for $59.6 million in cash. Molecular Insight Pharmaceuticals Inc MIPI climbed 35.63% to $2.17. MIPI has presented positive data from Azedra Phase 2a clinical trial in Neuroblastoma Tumors. First Capital Bancorp Inc FCVA jumped 14.17% to $7.25. FCVA’s shares have dipped 20.63% over the past 52 weeks, while the S&P 500 index gained 21.21% in the same period. Genetic Technologies Ltd GENE shares advanced 13.86% to $1.15. GENE’s shares have fallen 36.88% over the past 52 weeks, while the S&P 500 index gained 21.21% in the same period. Read more from Benzinga's Company news.