MICROCAP MOVERS FOR TUESDAY NOVEMBER 22, 2011

Below are highlights from Benzinga's daily coverage of microcap securities. Benzinga provides comprehensive, objective, and conflict-free coverage of the microcap sector in real-time at BenzingaSmallCap.com. Prana Biotechnology Prana Biotechnology PRAN is an Australian biotech company specializing in treatments for neurological disorders, including Alzheimer's, Parkinson's and Huntington's diseases. The company also is working on applications for cancers and Age-related Macular Degeneration. The company announced Tuesday that it has received approval from the Austin Health Research Ethics Committee to commence a 12 month Phase II Imaging trial testing PBT2, the Company's drug in development for Alzheimer's Disease. The double blind placebo controlled trial will enroll 40 patients with prodromal or mild Alzheimer's Disease in 3 sites in Melbourne, Australia. Prana shares traded at 9 times the average daily volume on Tuesday between $1.52 to $1.78 and closed at the low end of the range at $1.53, a gain of just 1% for the day. Broadwind Energy Broadwind Energy BWEN is a Naperville, IL provider of products and services to the wind, mining and infrastructure industries. Broadwind announced Tuesday it will manufacture welded sub-assemblies for Caterpillar's lines of large draglines, crawlers and excavating equipment. These components will be produced in Broadwind's facilities in Abilene, Texas and Manitowoc, Wisconsin. Broadwind shares traded at 8 times the average daily volume on Tuesday in a range of $0.61 to $0.74 and closed at $0.72, a gain of 34% for the day. Bourque Industries Bourque Industries (BORK) is a Tuscon, AZ materials science company dedicated to creating ultra high-performance super alloys using the Kryronization process. Shares of Bourque Industries traded Tuesday in a range of $0.71 to $0.92 and closed at $0.91, a gain of 28% on 6 times the average daily volume. There was no specific news related to today's price move. Royale Energy Royale Energy ROYL is an independent oil and natural gas producer, based in San Diego, CA. The company announced Tuesday it has made two more natural gas discoveries in its core area. The Royale Jewel has been drilled to its total depth. The well is in close proximity to Royale's production facilities and will begin selling gas in two weeks. The Royale Bristol was drilled to a total depth of 6,800 ft. and found 40 ft. of Forbes filled natural gas sands. Production casing has been set and the well has a bottom hole shut in pressure of 2,200 psi. Royale Energy shares traded Tuesday at 3 times the average daily volume in a range of $3.11 to $3.55 and closed at $3.28, up 12% for the day. To get information like this on a streaming basis during the trading day, try a 100% free trial to BenzingaSmallCap.com.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: NewsMoversTechGeneral
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!