DGSE (DGSE) - Get Report put itself on the block Tuesday, driving its thinly traded shares up 10%.

The company, which runs two pawn shops in Dallas and three in New Mexico, hired Southwest Securities to explore strategic alternatives including a possible sale.

"We believe that our publicly traded securities do not reflect the inherent value of the company's activities," said CEO William Oyster. "The engagement of Southwest Securities will give us an opportunity to professionally examine a range of short-term and long-term possibilities."

On Tuesday, DGSE rose 23 cents to $2.46. Volume surged to 10,122 shares from the recent daily average of 1,673.