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Soaring earnings boosted an alternative fuel play Tuesday, while a buyout bid sent shares of a biotech stock skyrocketing.

Stockhouse U.S. Small and Micro-cap Stock Report for Tuesday, May 13, 2008

TORONTO (SHfn) - Soaring earnings boosted an alternative fuel play Tuesday, while a buyout bid sent shares of a biotech stock skyrocketing.

Fuel Systems (NASDAQ: FSYS, Bullboard) shares soared 26% to $24.06 on Tuesday after the maker of alternative fuel components reported first-quarter earnings of $6.2 million, or 40 cents a share, up from $1 million, or seven cents a share, during the same period last year. Analysts expected earnings of 18 cents a share.

As well, shares of Iomai (NASDAQ: IOMI, Bullboard) skyrocketed 117% to $6.34 as vaccine maker Intercell AG offered to buy the biotech firm for $189 million, or $6.60 per share.

Nutritional supplement and skin care products firm USANA Health Sciences (NASDAQ: USNA, Bullboard), meanwhile, received a $26 a share buyout offer from its chief executive and largest shareholder. USANA stock popped 23% to $25.65.

And, LaserCard (NASDAQ: LCRD, Bullboard) Tuesday said it has received a follow-on purchase order to supply more than $1 million worth of optical memory cards to the Italian Government to be used as Foreign Resident ID Cards. Its shares jumped 12% to $7.60.


Top U.S. Small/Micro-cap Advancers (as of 4 PM Eastern)
Beverly Hills Bancorp (NASDAQ: BHBC, Bullboard) + 68%
Basin Water (NASDAQ: BWTR, Bullboard) + 28%
WCI Communities (NYSE: WCI, Bullboard) + 24%
Silver State Bancorp (NASDAQ: SSBX, Bullboard) + 24%
AVANT Immunothera. (NASDAQ: AVAN, Bullboard) + 21%
Top U.S. Small/Micro-cap Decliners
Bluegate (OTC:BB: BGAT, Bullboard) - 67%
Asiamart (OTC:BB: AAMA, Bullboard) - 61%
Brooke Corporation (NASDAQ: BXXX, Bullboard) - 35%
U.S. Shipping Partners (NYSE: USS, Bullboard) - 30%
NxStage Medical (NASDAQ: NXTM, Bullboard) - 27%


 

 
ABOUT THE AUTHOR
Sean Mason
Sean Mason is a Stockhouse market reporter and editor.

 
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