This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Wednesday's Small-Cap Winners & Losers

Canada Southern Petroleum (CSPLF) surged on news that Petro Canada's (PCZ) Nosara Holdings unit increased its offer to acquire the company to $13 a share, up from an earlier offer of $11 and topping Canadian Oil Sands Trust's June 30 bid of $11.10. Canada Southern Petroleum was gaining $1.73, or 14.8%, to $13.40 recently.

Fronteer Development Group (FRG) strengthened after the company said that Aurora Energy Resources, in which it holds a 49.3% interest, reported new wider and higher-grade drill intersections that continue to expand the Michelin uranium deposit. Shares of Fronteer Development Group, which engages in the acquisition and exploration of mineral properties, gained 51 cents, or 11.6%, to $4.89.

Wegener (WGNR), a provider of products for TV, audio and data-distribution networks, jumped 22% following its latest quarterly earnings report. The company said revenue for the third quarter rose to $6.6 million from $4.3 million a year ago. Wegener earned $138,000, or 1 cent a share, vs. last year's loss of $620,000, or 5 cents a share. Shares were higher by 26 cents to $1.40.

Retalix (RTLX) retreated after the software provider said it would see lower-than-expected results for the second quarter because of delays in the delivery of several projects. The company said revenue should be above $44 million, while it expects to lose 8 cents to 13 cents a share. Analysts polled by Thomson First Call are looking for earnings of 21 cents a share on revenue of $51.3 million. "We believe that the second half of 2006 will be stronger, and therefore, reaffirm the guidance that we have set for full year 2006," the company said in a press release. Shares lost $3.43, or 16.7%, to $17.10.

Smart & Final (SMF) stumbled after the food warehouse operator said second-quarter income dropped from a year ago. Earnings totaled $5.8 million, or 18 cents a share, down from $8.1 million, or 25 cents a share, a year ago. Sales increased 2% to $493.7 million. Smart & Final said the latest results included a charge of 2 cents a share for costs associated with the company's assessment of strategic alternatives. Shares fell $1.23, or 7.5%, to $15.27 in recent trading.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SMF $30.56 0.00%
WGNR $0.02 0.00%
AAPL $130.28 0.47%
FB $81.53 -1.07%
GOOG $565.06 3.30%


DOW 18,080.14 +21.45 0.12%
S&P 500 2,117.69 +4.76 0.23%
NASDAQ 5,092.0850 +36.0220 0.71%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs