Small
cap stocks making big moves on Friday, September 19, 2014 (as of 4 pm EST), as
reported by Sean Mason, SmallCapPower.com
ChinaNet Online Holdings, Inc. (NASDAQ: CNET)
shares soared 92% to $1.96 on volume of more than 22.1 million shares Friday as
the B2B Internet technology company said its new growth strategy will focus on
offering digital advertising services coupled with a range of consumer
analytics, which is expected to add significant value for its small and
medium-sized enterprise customers.
As well,
shares of ITT Educational Services Inc.
(NYSE:
ESI) sank 35% to $4.95 on more than 6.2 million shares traded after it was
revealed that the Securities and Exchange Commission may take enforcement
action against the for-profit secondary education provider over its student
loans.
Pro-Dex, Inc. (NASDAQ:
PDEX), meanwhile, reported an 18% increase in its fourth-quarter revenue
to $3.2 million while swinging to a net profit of a penny per share, compared
to a net loss of $0.20 a share during the same period last year. Pro-Dex
manufactures powered rotary drive surgical and dental instruments. Its
stock popped 27% to $2.79 following the announcement.
Finally,
Quest Resource Holding Corporation (NASDAQ: QRHC)
shares plunged 50% to $1.75 as the recycling and resource management firm announced
the pricing of a $18 million underwritten public offering consisting of nine
million shares of common stock at a price per share of $1.99, together with
warrants to purchase nine million shares of its common stock at a price per
warrant of $0.01.
