Under $5 Movers: FONR, CAST, NLST, PEIX, CIM

Fonar Corporation (NASDAQ:FONR) is up 21% this morning at $2.08. The company announced first quarter fiscal results this morning with net income increasing 360% to $1.8 million. Total revenue saw an increase of 11% to $9.6 million from $8.7 million in the same quarter last year. FONR has traded 285 thousand shares this morning, well above its daily average of 28 thousand shares. The company has a current market cap of 12.02 million.

ChinaCast Education Corporation (NASDAQ:CAST) is up $0.78 at $4.66, a gain of 20.10%. CAST gaped at open after the company announced it has formed a special committee to consider all strategic alternatives. CAST has traded 470 thousand shares this morning, twice its daily average. The stock has been trading in the range of $3.60 to $4.20 before today’s move. The company has a current market cap of 223.28 million.

Netlist Inc. (NASDAQ:NLST) is up 20.43% at $2.83 this morning. NLST has come off its intraday high of $3.22 it hit shortly after market open. The stock has been trending upward since last Friday. NLST has traded 4.2 million shares this morning, up from its daily average volume of just 111 thousand shares. The company has a current market cap of 68.43 million.

Pacific Ethanol, Inc. (NASDAQ:PEIX) is up $0.12 at $1.13 this morning. PEIX has been in a steady upward trend since late October when it was trading less at less than $0.40. PEIX has traded 7.7 million shares so far today, 2 million more than it usually trades in a whole day. The company has a current market cap of 87.12 million.

Chimera Investment Corporation (NYSE:CIM) is up 8.43% at $2.7650 this morning. CIM has traded 7.7 million shares this morning and looks to surpass its daily average volume of 12.8 million shares. CIM is gaining back some of its losses it suffered on Thursday when it fell from $2.80 to $2.55. The company has a current market cap of 2.85 billion.

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Danny is the old hat at Active Investor. One of the been around the block a few times traders, his main focus is on overall market conditions. Be it some new merger talk or Washington being Washington, you can expect Danny will be on top of it.
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