Small
cap stocks making big moves on Monday, April 14, 2014 (as of 4 pm EST)
Goodrich Petroleum Corporation (NYSE: GDP)
shares powered 30% higher to $23.96 on volume of more than 12.3 million shares
Monday after the independent oil and gas exploration and production company said
its Blades 33H-1 well in Louisiana had achieved a peak 24-hour average
production rate to date of 1,270 barrels of oil equivalent (boe) per day, 1,250
barrels of which was oil and 115 Mcf of gas. The company added that fracking
operations are expected to begin by the end of April.
As well,
shares of SMTC Corporation (NASDAQ: SMTX)
slid 23% to $1.52 as the electronics manufacturing services provider reported
an 8.6% decrease in its fiscal 2013 revenue to $270.7 million. The company also
recorded a loss of 73 cents a share for the period, compared with a profit of
46 cents a share in 2012.
WebMD Health Corp. (NASDAQ: WBMD),
meanwhile, announced that it expects first-quarter results to exceed its
previously provided financial guidance. WebMD Health stock popped 17% to
$43.87.
Finally,
Chindex International, Inc. (NASDAQ: CHDX)
shares jumped 16% to $22.59 after the American healthcare company providing
services in China said it received a “superior” takeover proposal from an
unnamed suitor at a price of $23 per share in cash, besting the Lipson-TPG
offer of $19.50, which was made public in mid-February.
