Small
cap stocks making big moves on Monday, May 12, 2014 (as of 4 pm EST)
Gulf Resources, Inc. (NASDAQ: GURE)
shares climbed 21% to $2.16 on volume of more than 2.8 million shares Monday
after the Chinese manufacturer of bromine, crude salt and specialty chemical
products reported first-quarter net revenue that increased 14% to $25.6
million. Its net income for the period was $4.3 million, or 11 cents
per basic and diluted share, compared to $1.9 million, or 5 cents per basic and
diluted share, during the same quarter last year.
As well,
shares of Insys Therapeutics, Inc. (NASDAQ: INSY)
slipped 16% to $27.63 on more than 3.4 million shares traded following a report
that a Michigan doctor was being charged with allegedly prescribing the
company’s Subsys painkiller to people who did not need it.
Kandi Technologies Group, Inc. (NASDAQ: KNDI),
meanwhile, announced first-quarter revenue that soared 174% from the year-ago
quarter to $40.2 million, while its net income for the period increase to
$1.6 million from $1.3 million. Kandi stock popped 16% to $13.26 following the
announcement.
Finally,
TESARO, Inc. (NASDAQ: TSRO)
shares shot up 21% to $29.05 after the oncology-focused biopharmaceutical
company said it achieved primary and all secondary endpoints in the Phase 3
trial of its drug rolapitant, an investigational neurokinin-1, or NK-1,
receptor antagonist in development for the prevention of chemotherapy-induced
nausea and vomiting.
