Thursday's Small-Cap Winners & Losers

Cumberland Resources ( CLG) surged after the Canadian mining company said the Nunavut Impact Review Board recommended that development of the Meadowbank gold project should proceed. Shares of Cumberland climbed 83 cents, or 18.5%, to $5.32.

Cubic ( CUB) advanced after the San Diego-based defense-electronics company said the Naval Air Systems Command awarded it a five-year $32.8 million contract. The pact will cover instruction, simulator operation and curriculum support for the Naval Air Force's U.S. Atlantic Fleet. Shares gained 49 cents, or 2.5%, to $20.13.

Landec ( LNDC) lost ground after the Menlo Park, Calif., maker of polymer products for food and agricultural uses said fiscal first-quarter income would be close to break-even. The company said fiscal year 2007 profits should increase 35% to 45% compared with 2006. The company also said it received cash proceeds from the settlement of insurance claims from a fire at its Dock Resins facility in February 2000 that will result in a gain of about $1.3 million, or 5 cents a share, during the first quarter. Shares slipped 51 cents, or 5%, to $9.68.

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