NEW YORK (
) -- Several small-cap stocks were moving on above-average volume during Wednesday's session.
(CNO - Get Report)
climbed by $1.25, or 25.1%, to $6.24 after the insurer said hedge fund Paulson & Co. agreed to buy 16.4 million shares of common stock and warrants to purchase 5 million shares of common stock for an aggregate purchase price of $77.9 million. After the private sale, Paulson will own nearly 10% of Conseco's outstanding shares. Volume topped 25 million, well above the three-month average daily volume of 7.2 million shares, according to Yahoo! Finance.
jumped by 66 cents, or 25.5%, to $3.25 after Roth Capital upgraded the stock to buy from hold and hiked its stock price target to $6.75 from $1.90. Volume topped 2.5 million, well above the 50-day average daily volume of 324,000 shares, according to the Nasdaq.
rose by 14 cents, or 3.8%, to $3.87 after the company said it will acquire South Texas Mining Venture from URN Resources, a subsidiary of
(UUU - Get Report)
. Under the terms of the agreement, Uranium Energy agreed to issue 2.5 million shares of common stock to make the acquisition. Volume topped 1.6 million shares, well above the three-month average daily volume of 448,000, according to Yahoo! Finance.
climbed by 6 cents, or 37%, to 21 cents after the company said it will try to sign a partner for further development of NM100060, the company's topical treatment for nail fungus, following a post hoc analysis. Volume topped 18.1 million shares, well above the 50-day average daily volume of 1.4 million, according to the Nasdaq.
Mesa Air Group
was higher by 3 cents, or 14.8%, to 28 cents after the company said late Tuesday it entered a joint venture with
(RJET - Get Report)
to combine their Hawaiian routes. Volume topped 11.1 million, well above the three-month average daily volume of 8.2 million, according to Yahoo! Finance.
Read more about today's high-volume stocks in earlier "Pump Up the Volume" posts
-- Written by Robert Holmes in New York