Sunesis, U.S. Energy: Early Volume Plays

NEW YORK ( TheStreet) -- Several stocks trading under $10 were poised to move on above-average volume during Friday's session.

Sunesis Pharmaceuticals ( SNSS) was up 3 cents, or 2.1%, to $1.42 in the premarket session. Still, it that was a day after Sunesis had reached a 52-week high of $1.83 on Thursday -- Sunesis had not closed at over $1 in more than a year until yesterday.

Sunesis most recently reported positive results in trials for a leukemia drug on Dec. 7. The 50-day average daily volume for Santarus is 1.4 million, according to the Nasdaq.

Nexmed ( NEXM) was up 5 cents, or close to 18%, to $0.29 in the premarket session.

The most recent news from Nexmed was its acquisition of privately held Bio-Quant back in November. The 50-day average daily volume for Nexmed is 3.4 million, according to the Nasdaq.

U.S. Energy Corp ( USEG) dropped 37 cents, or close to 6.6%, to $5.21 in the premarket session. The most recent news on Deer Consumer was a 5 million share offering commenced on Dec. 3. The 50-day average daily volume for U.S. Energy is 691,000, according to the Nasdaq.

Akeena Solar ( AKNS) yesterday's chart topper with a huge 56% gain, was down 1 cents or 0.6%, in the pre-market on Friday.

Akeena announced yesterday that it would be the first solar company to offer do-it-yourself solar panel installation kits to the U.S. consumer through Lowe's ( LOW) stores. The 50-day average daily volume for Akeena is 391,000, according to the Nasdaq.

Deer Consumer Products ( DEER) is one to watch as a potential new member of the under $10 stock club, with a whopping 26% lost in the pre-market session, or a loss of over $4 to $11.80.

The company priced an initial public offering of 6 million shares at $11 early on Friday morning. The 50-day average daily volume for Deer is not available, according to the Nasdaq.

-- Reported by Eric Rosenbaum in New York.

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