NEW YORK (

TheStreet

) -- Several small-cap stocks were poised to move on above-average volume during Tuesday's session.

Novavax

(NVAX) - Get Report

jumped by 27 cents, or 7.2%, to $4.02 in the premarket session after the company said it has initiated a two-stage clinical study of its virus-like-particle (VLP) H1N1 flu vaccine in Mexico. The three-month average daily volume for Novavax is 8.2 million shares, according to Yahoo! Finance.

BioSante Pharmaceuticals

(BPAX)

surged by 21 cents, or 10.7%, to $2.18 in the premarket session after the company announced positive safety data in its ongoing LibiGel Phase III cardiovascular and breast cancer safety clinical development program. BioSante said the LibiGel Phase III development program will continue as planned, and it is targeting submission to the FDA of a new drug application by mid-2011. The three-month average daily volume for BioSante is 515,000, according to Yahoo! Finance.

Cirrus Logic

(CRUS) - Get Report

rose by 29 cents, or 5%, to $6.15 in the premarket session after the company reported fiscal second-quarter adjusted earnings of 11 cents a share, a penny better than the Thomson Reuters average estimate. Cirrus also offered better-than-expected revenue guidance for the third quarter, saying it expects $58 million to $62 million in revenue during the quarter, compared to the consensus target of $54 million. The three-month average daily volume for Cirrus is 726,000, according to Yahoo! Finance.

Raser Technologies

(RZ)

climbed by 5 cents, or 3.4%, to $1.54 in the premarket session after the company said it has entered into a transaction with three of its line of credit lenders to facilitate Raser's repayment of their loan principal and accrued interest totaling $5.4 million. Raser's offering to the lenders includes 3.2 million shares of common stock priced at $1.68 a share, a 12% premium to Monday's closing price of $1.49. The three-month average daily volume for Raser is 972,000, according to Yahoo! Finance.

Spartan Motors

(SPAR) - Get Report

jumped by 26 cents, or 4.8%, to $5.70 in the premarket session after Barrington Research upgraded the stock to outperform from underperform and set a stock price target of $6.50, based on valuation. Barrington added that the RV market cannot get any worse and it expects a rebound in 2011 or 2012. The three-month average daily volume for Spartan is 509,000, according to Yahoo! Finance.

Icagen

(ICGN)

rose by 10 cents, or 12.2%, to 92 cents in the premarket session after the company late Monday described progress in its collaboration with

Pfizer

(PFE) - Get Report

to identify selective sodium channel inhibitors. The collaboration focused on certain sodium channels for the treatment of pain and related conditions. The three-month average daily volume for Icagen is 227,000, according to Yahoo! Finance.

Magma Design Automation

(LAVA)

added 8 cents, or 3.2%, to $2.61 in the premarket session after the company late Monday said it has renewed a credit line with Wells Fargo, and that the new line replaces an existing $15 million credit facility, eliminates borrowing restrictions imposed by the prior facility and extends the term of the agreement. The three-month average daily volume for Magma Design is 553,000, according to Yahoo! Finance.

Check out all of Tuesday's high-volume, under-$5 stocks at the Dollar Store

-- Written by Robert Holmes in New York

.