Wall Street is up only slightly this moroning after having a big rally yesterday. Each of the major indexes are up at most 0.5% with the Nasdaq posting the smallest gains of 0.33%. There are some stocks posting big gains this morning though especially those under $5.
Magal Security Systems Ltd. (NASDAQ:MAGS) is up 45.66% at $3.86 so far this morning. MAGS has traded 221 thousand shares in early trading, well above its daily average of 17 thousand shares. Magal Security Systems reported third quarter results this morning. The company saw a 107% increase in revenue to a record $27.7 million with a gross profit of $5.4 million. Magal Security has a current market cap of 38.64 million.
Central European Distribution Corp. (NASDAQ:CEDC) is up 31.18% at $4.46 this morning. CEDC has traded 3.3 million shares so far today, about 500 thousand more shares than its trades on average. Russian Standard Vodka bought a nearly 10% stake in CEDC overnight. Central European Distribution has a current market cap of 329.12 million.
Hyperdynamics Corporation (NYSE:HDY) is up 15.43% at $3.74 so far this morning. HDY has traded 1.4 million shares so far today and should have no problem passing its daily average of 2.5 million shares. Hyperdynamics has a current market cap of 602.31 million.
Dex One Corporation (NYSE:DEXO) is up 14.56% at $1.18 this morning. DEXO has traded 1.3 million shares so far today, more than double its daily average. DEXO has moved up nearly $0.40 in the past two trading sessions. Dex One has a current market cap of 59.93 million.
Sprott Resource Lending Corp. (AMEX:SILU) is up 12.31% at $1.5050 this morning. SILU has traded 280 thousand shares so far today, well above its daily average of 145 thousand shares. Sprott Resource has a current market cap of 232.40 million.