Verso Paper Corp. (NYSE:VRS) is rallying 89.34% in midday trading at $2.31. Verso has seen heavy volume so far today and is trading nearly 10 times its average volume. The company announced late yesterday a proposed $345 million debt offering and commitments from lenders for new credit facilities. The company has a market cap of 122.31 million.
Motricity, Inc. (NASDAQ:MOTR) is up 14.02% today at $1.22. MOTR has traded 1.2 million shares so far today and trades 1.8 million shares on average. MOTR shares have jumped close to $0.25 over the past couple of days. The company has a market cap of 56.53 million. [Read more...]