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NEW YORK (
Supervalu(SVU - Get Report) was a prominent gainer in the small-cap space Thursday, after its fourth-quarter profit topped expectations.
During the quarter, the grocer earned $95 million, or 44 cents a share, compared with $97 million, or 46 cents, in the year prior.
Shares spiked 13% in noon trading to $10.25. Volumes were approaching 30 million on the NYSE.
Shares of India's largest broadband services provider
Sify Technologies(SIFY) were witnessing unusual volume activity. Shares were rising 15% to $6.22, while volumes were approaching 6 million in afternoon trading. Average three-month volume has been under a 100,000.
Also gaining was another Indian internet portal
Rediff.com(REDF). Shares were climbing 14% to $9.36.
CAMAC Energy(CAK) were climbing 9% to $2.04 after an independent study estimated its total resources in two of its blocks in Nigeria were significantly more than expected.
Data storage device company
Quantum(QTM - Get Report) saw its shares rise 5% to $3.26 on news that NetApp will begin selling storage and file-management software from the company under a new agreement.
Silver miners were up on higher silver prices. Shares of
Great Panther Silver(GPL - Get Report) and
Endeavour Silver(EXK - Get Report) were up 4% and 3.3% respectively.
--Written by Shanthi Bharatwaj in New York
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