NEW YORK (
TOR Minerals International
(TORM - Get Report)
was among several stocks trading near $5 were poised to move on above-average volume Wednesday following first-quarter results.
TOR Minerals said late Tuesday that it swung to a first-quarter profit of 26 cents a share, compared with a year-ago loss of 15 cents a share. Revenue was up 20% from a year ago to $6.86 million. If trends continue, TOR Minerals said it expects to see continued improvement in financial results during 2010.
Shares of TOR Minerals were rallying by $2.15, or 36.8%, to $8 in the premarket session. The 50-day average daily volume for TOR Minerals is 14,000, according to the
was also set to trade higher, rising more than 11% to $3.90 in Tuesday's after-hours session after the solar equipment company said that it has been awarded a U.S. General Services Administration (GSA) contract. This contract allows the Federal Government customers to complete contracts with Spire quickly and easily.
The 50-day average daily volume for
(CBMX - Get Report)
jumped by 32 cents, or 8.6%, to $4.05 in Tuesday's late session after the biotechnology company said it had first-quarter net income of $15.3 million, compared with a year-ago net loss of $6.1 million. Revenue rose to $1.3 million from $1.2 million in the year-ago quarter. The 50-day average daily volume for CombiMatrix is 27,000.
On the downside,
United Western Bancorp
slid by 25 cents, or 15%, to $1.42 during Tuesday's after-market session after the company said it had a first-quarter loss from continuing operations of 86 cents a share, compared with year-ago income from continuing operations of 48 cents a share. The 50-day average daily volume for United Western Bancorp is 660,000.
-- Written by Robert Holmes in Boston
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