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KV Pharma, Silverleaf: Small-Cap Winners

NEW YORK ( TheStreet) -- Shares of specialty pharma company KV Pharmaceutical (KV-A) were zooming over 150% to $3.85 after U.S. regulators approved its drug, Makena, used to reduce the risk of preterm birth in women with a history of going into labor earlier than 37 weeks. Over 11 million shares were changing hands in afternoon trading.

Shares of timeshare operator Silverleaf (SVLF) soared 70% to $2.44 after hedge fund Cerberus Capital said it would buy the company for $94 million, a 75% premium to its previous day's closing price.

Fremont, California-based Opnext (OPXT) saw its share spurt 30% to $2.62 after it said its losses narrowed in the fiscal third quarter and issued an upbeat forecast for the fourth quarter.

Shares of Orexigen Therapeutics (OREX - Get Report) were once again attracting buying interest. The stock crashed over 70% earlier this week after regulators rejected its obesity drug. But shares were climbing 17% on Friday to $3.46.

China MediaExpress (CCME) denied a short-seller's allegations of fraud late Thursday. Muddy Waters Research, which has a short position in the stock, had accused the company of engaging in a massive pump and dump scheme. Shares were surging Friday by nearly 20% to $13.50 after plunging by 33% on Thursday.

Shares of Silicon Image (SIMG) jumped 15% to $8.87 after its results and first quarter forecasts beat estimates.

Shares of Evergreen Energy (EEE), Cirrus Logic (CRUS) and video services provider Harmonic (HLIT) were also prominent gainers in the small-cap sector on Friday trading.

-- Written by Shanthi Bharatwaj in New York

>To contact the writer of this article, click here: Shanthi Bharatwaj.

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Disclosure: TheStreet's editorial policy prohibits staff editors and reporters from holding positions in any individual stocks.

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