NEW YORK ( TheStreet) -- Several stocks trading near $5 were moving on above-average volume during Monday's session.
ADA-ES (ADES) jumped by 96 cents, or 22.4%, to $5.25 after the company said its Clean Coal Solutions joint venture with NexGen Refined Coal successfully installed and commenced operations of two CyClean facilities. The move allows ADA-ES to meet the year-end placed-in-service requirement for the Section 45 tax credits. Volume topped 132,000 shares, compared to the 50-day average daily volume of 48,000, according to the Nasdaq.
Zale (ZLC) rallied by 28 cents, or 13.5%, to $2.36 after the company told The Dallas Business Journal that it is reviewing certain orders after evaluating November sales and confirmed that there has been "some delay in payment" to suppliers as the company decides which merchandise will be needed for the holiday shopping season. Last week, the stock tumbled on reports the jeweler cancelled orders and delayed payments. Volume topped 2.48 million shares, compared to the three-month average daily volume of 847,000.
Javelin Pharmaceuticals (JAV) slumped by 7 cents, or 5.4%, to $1.23 after Wedbush Morgan and Ladenburg Thalmann downgraded the stock to underperform and neutral, respectively. On Friday, Myriad Pharmaceuticals (MYRX) said it will acquire all outstanding shares of Javelin common stock in exchange for Myriad Pharmaceuticals stock, sending Javelin shares higher. Volume topped 1.7 million shares, compared to the three-month average daily volume of 488,000.TLC Vision (TLCV) plummeted by 11 cents, or 73.9%, to 4 cents after the company said it will restructure debt in pre-arranged Chapter 11 Filing. Volume topped 7.77 million shares, compared to the 50-day average daily volume of 358,000. Bank of the Carolinas (BCAR) dropped by $2.90, or 33.3%, to $5.80 in the absence of any company-specific news. The move retraces Friday's 160% surge, which came late in the session. Volume topped 127,000 shares, compared to the 50-day average daily volume of 9,400. -- Written by Robert Holmes in Boston. Check out all of Monday's high-volume, under-$5 stocks at the Dollar Store Follow Robert Holmes on Twitter and become a fan of TheStreet.com on Facebook.