Cumberland Resources (CLG) surged after the Canadian mining company said the Nunavut Impact Review Board recommended that development of the Meadowbank gold project should proceed. Shares of Cumberland climbed 83 cents, or 18.5%, to $5.32.
Cubic (CUB - Get Report) advanced after the San Diego-based defense-electronics company said the Naval Air Systems Command awarded it a five-year $32.8 million contract. The pact will cover instruction, simulator operation and curriculum support for the Naval Air Force's U.S. Atlantic Fleet. Shares gained 49 cents, or 2.5%, to $20.13.
Landec (LNDC - Get Report) lost ground after the Menlo Park, Calif., maker of polymer products for food and agricultural uses said fiscal first-quarter income would be close to break-even. The company said fiscal year 2007 profits should increase 35% to 45% compared with 2006. The company also said it received cash proceeds from the settlement of insurance claims from a fire at its Dock Resins facility in February 2000 that will result in a gain of about $1.3 million, or 5 cents a share, during the first quarter. Shares slipped 51 cents, or 5%, to $9.68.