Monday's Small-Cap Winners & Losers

Dynacq Healthcare (DYII Quote) skyrocketed more than 200% after the company posted its results for the fiscal third quarter ended May 31. The company had income from continuing operations of 16 cents a share, compared with a loss from continuing operations of 3 cents a year earlier.

Net patient service revenue for the quarter increased by $4.8 million, or 61%, to $12.6 million. Net income was $2.6 million, or 17 cents a share, vs. last year's loss of $800,000, or 5 cents a share. The stock was advancing $5.07 to $7.53.

Predictive medicine company PreMD (PME Quote) surged 75% on news it has signed an exclusive licensing agreement with AstraZeneca (AZN Quote) for the U.S. marketing and distribution of a novel noninvasive skin cholesterol test.

PreMD will receive an upfront payment of $500,000 and will be eligible for additional milestones and royalties. Shares of PreMD were gaining 81 cents to $1.89.

Art's-Way Manufacturing (ARTW Quote) was climbing 42% in the wake of the company's latest quarterly earnings report, which showed a year-over-year increase in sales and earnings.

Sales for the second quarter rose to $5.7 million from $4.1 million in the prior year. Earnings were $558,000, or 28 cents a share, up from $153,000 and 8 cents a share, last year. Art's-Way was rising $5.07 to $17.20.

Spartech (SEH Quote) slumped after the company cut its forecast and said its CEO resigned. George A. Abd, chief executive and president, is leaving the company, citing personal reasons. He also resigned as a director.