Small
cap stocks making big moves on Monday, July 14, 2014 (as of 4 pm EST)
China Recycling Energy Corp. (NASDAQ: CREG)
shares climbed 10% to $1.73 on volume of more than 10.6 million shares Monday
after the Chinese industrial waste-to-energy solution provider said it has
entered into a Standby Equity Distribution Agreement with YA Global Master SPV
Ltd, in which YA Global has committed to purchase up to US$50 million of the
company’s common stock over a two-year period.
As well,
shares of The Female Health Company
(NASDAQ:
FHCO) slipped 14% to $4.79 on more than 1.2 million shares traded as the manufacturer of the FC2 Female Condom
decided to suspend the payment of its quarterly dividend.
SinoCoking Coal and Coke Chemical
Industries, Inc. (NASDAQ: SCOK),
meanwhile, reported that it intends to change its name to Clean Synthetic
Technologies Corp., which will reflect the company’s new emphasis on the
large-scale production of clean-burning synthetic gas and other clean energy
products. SinoCoking stock moved up 22% to $1.91 following the
announcement.
Finally,
Kandi Technologies Group, Inc. (NASDAQ: KNDI)
shares jumped 27% to $18.64 after the manufacturer of electric and various
other vehicles announced that its joint venture company, Kandi Electric
Vehicles Group, sold 4,114 Kandi brand EVs in the second quarter, up 238% from
Q1.
