Early Volume Plays Among Those Valued Below $10 (CDII, NEXM, XPO, TGB)

Some of the stocks that are valued below $10 and have the potential to become one of the high volume movers in the early trading hours are: Chinese company China Direct Industries CDII has swung to a Q2 profit of $0.06 from a loss of $0.06 a share in Q2 2009. CDII’s revenue is also up 13% year-over-year to $23.4 million. CDII has projected 2010 net income of $8-$10 million on revenue of $130-$150 million. China Direct was up 15.39% to $1.80 in the pre-market session. The 50-day average daily volume for CDII is 387,000. NexMed NEXM announced late Wednesday that results from a pre-clinical study showed that NEXM’s Vitaros significantly promoted healing of deep tissue wounds. Vitaros is company’s NexACT-based alprostadil product and is currently in the late-stage development for the treatment of erectile dysfunction. The 50-day average daily volume for NexMed is 3.93 million. At 9:31 am, NEXM climbed 4.21% to $0.443. The transportation services company Express-1 Expedited Solutions XPO posted Q1 profit of $0.03 a share. XPO’s revenue climbed 58% to $31.6 million. The company’s shares closed at $1.51 yesterday. The three-month average daily volume for XPO is 54,000. Taseko Mines TGB announced that it has entered into a gold stream transaction with Franco-Nevada Corp FNV. TGB will receive staged cash deposits in aggregating $350 million to be paid during mine construction and 2 million Franco-Nevada warrants that will be issued on the date of the first advance of the cash payment. Taseko closed at $5.52 yesterday. The three-month average daily volume for TGB is 2.07 million. Read more from Benzinga's Markets.