Small
cap stocks making big moves on Tuesday, September 16, 2014 (as of 4 pm EST),
as reported by Sean Mason, SmallCapPower.com
Sino-Global Shipping America, Ltd. (NASDAQ: SINO)
shares soared 31% to $3.29 on volume of more than 30.1 million shares Tuesday
after the customized shipping agency and logistic services firm reported its first
full year operating profit since its 2008 IPO, with an operating profit of
$300,130 as compared with an operating loss of $2,203,540 during 2013.
As well,
shares of Atlantic Power Corporation (NYSE:
AT) sank 33% to $2.57 on more than 10.1 million shares traded as the power
generation assets operator said it has concluded that a sale or merger
of the company is not in the best interests of the company or its stakeholders
at this time, and it intends to slash its annual dividend from $0.40 to $0.12 a
share.
SinoCoking Coal and Coke Chemical
Industries, Inc. (NASDAQ: SCOK),
meanwhile, announced that the local government of Pingdingshan has agreed to
provide the company with an extensive gas pipeline distribution network and gas
storage system as well as a land allotment of over 7.5 square miles of
high-quality coal to support the development and continuing operations of
SCOK’s recently announced $300 million underground mine coal-to-syngas
conversion project. SinoCoking Coal stock popped 19% to $6.45 following the
announcement.
Finally,
Digital Power Corporation (NYSE MKT:
DPW) shares powered 18% higher to $1.38 after the customized and
off-the-shelf power system solutions manufacturer reported that it recently was
awarded two contracts expected to generate aggregate annual revenue of $1.3
million for a period of five years.
