NEW YORK ( TheStreet) -- Several small-cap stocks were moving on above-average volume during Thursday's session.
Netlist (NLST - Get Report) jumped by 69 cents, or 51.5%, to $2.03, continuing a rally sparked Wednesday by the launch of Netlist's HyperCloud, the first 16-gigabyte, 2 vRank memory module for computer servers. Volume topped 2.3 million shares, compared to the 50-day average daily volume of 72,000, according to the Nasdaq.
Playboy Enterprises (PLA) rose by 74 cents, or 25.9%, to $3.60 following a Bloomberg report the company is in talks to sell itself to Iconix (ICON). The report said Iconix has already looked at Playboy's finances. Volume topped 1.4 million shares, compared to the three-month average daily volume of 302,000, according to Yahoo! Finance.
Hong Kong Highpower Technology (HPJ - Get Report) gained 99 cents, or 30.8%, to $4.20 after the company reported third-quarter earnings of 18 cents a share on revenue of $21.1 million, blowing past the single analyst estimate for earnings of 9 cents a share on revenue of $18.5 million. Volume topped 1.5 million shares, compared to the three-month average daily volume of 170,000, according to Yahoo! Finance.Silverleaf Resorts (SVLF) dropped by 23 cents, or 20.4%, to 90 cents after the timeshare operator late Wednesday posted a third-quarter profit, excluding items, of 18 cents a share, although revenue fell 22.8% to $52.8 million. The decrease is primarily attributable to the recognition of an $18.5 million additional provision for estimated uncollectible revenue in the third quarter. Volume topped 210,000 shares, compared to the 50-day average daily volume of 102,000, according to the Nasdaq. Trimeris (TRMS) fell by 65 cents, or 18.1%, to $2.94 after the company's merger with Arigene appears to have hit a snag. The Korea-based company asked Trimeris for an extension on its tender offering, which was set to expire on Nov. 16. Volume topped 1.3 million shares, compared to the 50-day average daily volume of 288,000, according to the Nasdaq. Denison Mines (DNN - Get Report) lost by 15 cents, or 9.5%, to $1.40 after the company posted a third-quarter loss of 27 cents a share while revenue shrank 65% to $12.7 million. Dension said it was hit by a $100 million impairment charge during the quarter. Analysts expected a loss of 2 cents a share on revenue of $20 million, according to Thomson Reuters. Volume topped 1 million shares, compared to the three-month average daily volume of 1.2 million, according to Yahoo! Finance. -- Written by Robert Holmes in New York. Check out all of Thursday's high-volume, under-$5 stocks at the Dollar Store Follow Robert Holmes on Twitter and become a fan of TheStreet.com on Facebook.