Unusual 11 Mid-Day Movers 9/11: NURO, CMRO, ALTI, SPDE Higher; CMZ, QELP, DVAX, HZO Lower

September 11, 2009 1:19 PM EDT

NeuroMetrix, Inc. (Nasdaq: NURO) 43.8% HIGHER; today announced that it has completed its private placement of common stock and warrants. Gross proceeds from the offering were approximately $18.7 million. The primary use of the capital will be to expand its direct US sales force, increase its international presence, fund certain clinical outcome studies, advance its lead potassium channel blocker compound to a Phase I milestone, as well as for other general working capital purposes.

COMARCO (Nasdaq: CMRO) 42.7% HIGHER; reports Q2 loss of $0.09, versus the analyst estimate of ($0.27). Revenue for the quarter was $7.6 million, versus the consensus of $2.68 million.

Altair Nanotechnologies (Nasdaq: ALTI) 31.7% HIGHER; shares are technically breaking out today as the stock held over its 200-day SMA yesterday and also closed above the psychological $1 level. Volume is almost 600% above its average daily volume.

Speedus Corp. (Nasdaq: SPDE) 28.9% HIGHER; Density Dynamics, a majority owned subsidiary of Speedus, announced today it has signed an International Representation agreement covering India with Graphay, Inc.

Compton Petroleum Corporation (NYSE: CMZ) 19.3% LOWER; announced last night that it has filed a preliminary short form prospectus in each of the provinces of Canada, except Quebec, in connection with a potential public offering of units of Compton. Each Unit will consist of one common share in the capital of Compton and one full common share purchase warrant of Compton, as determined in the context of the market.

American Axle (NYSE: AXL) 18.7% HIGHER; Barclays is out with a major call on upgrading the shares to Overweight from Equal-Weight while raising their price target to $13 (prev. $8). Click here for the full report.

Presstek, Inc. (NASDAQ: PRST) 16.6% HIGHER; today announced that it will be unveiling a brand-new waterless ink optimized for Presstek DI presses at the Print 09 trade show, being held from September 11-16, 2009 at McCormick Place in Chicago.

Quest Energy Partners (Nasdaq: QELP) 14.4% LOWER; correcting following Wednesday and Thursday's 110% surge on apparently no news.

Dynavax (Nasdaq: DVAX) 14.1% LOWER; correcting today following yesterday's 45% jump on news that the FDA removed a clinical hold on HEPLISAV.

MarineMax, Inc. (NYSE: HZO) 11.2% LOWER; priced a public offering of 2,600,000 shares of its common stock at a price to the public of $7.00 per share for total gross proceeds of $18,200,000 million. Raymond James & Associates, Inc. is serving as the sole underwriter for this offering.

Brady Corp. (NYSE: BRC) 9.3% LOWER; reports Q4 EPS of $0.43, ex-items, 1 cent better than the analyst estimate of $0.42. Revenue for the quarter was $287.2 million, versus the consensus of $291.33 million. Sees FY10 EPS of $1.60-$1.80, versus the consensus of $1.78. Sees FY sales at or near current level through 1H.

To get this report daily visit http://www.streetinsider.com/entities/Unusual+11+Mid-Day+Movers.

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