NEW YORK (
) -- Several small-cap stocks were moving on above-average volume during Monday's session.
jumped by 25 cents, or 20.8%, to $1.45, after the company late Thursday posted better-than-expected third-quarter earnings. The stock has now jumped 81% over the last two sessions. Volume topped 2.4 million shares, compared to the 50-day average daily volume of 289,000, according to the Nasdaq.
Energy XXI Limited
surged by 28 cents, or 15.1%, to $2.14, trading higher alongside
, which reported earnings earlier in the day. Additionally, Energy XXI said it has extended the expiration date of its previously announced exchange offer of $347.5 million in senior notes to Oct. 20 from Oct. 16. Volume topped 4.8 million shares, compared to the 50-day average daily volume of 2.1 million, according to the Nasdaq.
dropped by 7 cents, or 5.6%, to $1.19 in the absence of any company-specific news. Investors posting on Internet message boards speculated that the decline may be due to traders unwinding a
( FNSRD)-short/Oclaro-long play due to a potential reverse split by Oclaro. Volume topped 2.3 million shares, compared to the 50-day average daily volume of 1.1 million, according to the Nasdaq.
fell by 2 cents, or 3.4%, to 75 cents after the company announced an offering of 6 million shares of its common stock at a price per share of 82 cents, resulting in gross proceeds of approximately $5 million. Investors will also receive warrants to purchase 2.1 million shares of Rexahn common stock. Volume topped shares, compared to the three-month average daily volume of 89,000, according to Yahoo! Finance.
jumped by 85 cents, or 11.1%, to $8.50 after the company late Friday announced its wholly owned subsidiary bank, Citizens Business Bank, entered an agreement with the Federal Deposit Insurance Corp. to purchase most of the assets and assume most of the deposit liabilities of San Joaquin Bank. Volume topped 1.9 million shares, compared to the 50-day average daily volume of 961,000, according to the Nasdaq.
La Jolla Pharmaceutical
rose by a penny, or 17.4%, to 9 cents days after the company called a special meeting of stockholders to vote on a plan complete liquidation and dissolution plan. If approved, La Jolla would expect to dissolve shortly after the stockholders' Oct. 30 meeting and then commence a liquidation process. Volume topped 5.1 million shares, compared to the 50-day average daily volume of 3.6 million, according to the Nasdaq.
-- Written by Robert Holmes in New York