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Financials gave a big boost to a small energy play Thursday, while a tech stock popped on soaring earnings.

Stockhouse U.S. Small and Micro-cap Stock Report for Thursday, May 15, 2008

TORONTO (SHfn) - Financials gave a big boost to a small energy play Thursday, while a tech stock popped on soaring earnings.

Pyramid Oil (AMEX: PDO, Bullboard) shares soared 67% to $14.84 on Thursday after the micro-cap oil and gas producer/explorer said its first-quarter revenue surged 92% to $1,589,896, while net income rose to $834,271, or 22 cents a share, from $57,929, or two a share, a year ago.

As well, shares of Nortech Systems (NASDAQ: NSYS, Bullboard) shot up 45% to $9.40 as the electronics manufacturing services provider of wire and cable assemblies reported first-quarter net income of $626,000, or 23 cents a share, compared with $287,000, or 11 cents a share, during the same period last year.

Alesco Financial (NYSE: AFN, Bullboard), meanwhile, said its investments in IndyMac Bancorp securities should not affect its ability to pay dividends through the rest of the year. Alesco stock popped 21% to $2.83.

And, shares of Asia Time (AMEX: TYM, Bullboard) jumped 16% to $5.78 after the distributor of watch-movement components announced first-quarter earnings of $2.4 million, or eight cents a share, compared with $193,000, or a penny a share, a year ago. Revenue soared 74% year over year to $36.8 million.


Top U.S. Small/Micro-cap Advancers (as of 4 PM Eastern)
China Shenghuo Pharma. (AMEX: KUN, Bullboard) + 44%
Pointer Telocation (NASDAQ: PNTR, Bullboard) + 32%
Centerline Holding Company (NYSE: CHC, Bullboard) + 22%
Rural/Metro (NASDAQ: RURL, Bullboard) + 21%
National Coal (NASDAQ: NCOC, Bullboard) + 21%
Top U.S. Small/Micro-cap Decliners
NT Holding (OTC:BB: NTHH, Bullboard) - 46%
Silverstar Holdings (NASDAQ: SSTR, Bullboard) - 36%
Salary.com (NASDAQ: SLRY, Bullboard) - 34%
Yucheng Technologies (NASDAQ: YTEC, Bullboard) - 29%
Empire Resorts (NASDAQ: NYNY, Bullboard) - 20%


 

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

 
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