NEW YORK ( TheStreet) -- Several stocks trading near $5 were poised to move on above-average volume during Tuesday's session. Ballard Power Systems ( BLDP) jumped by 35 cents, or 15.1%, to $2.67 in the premarket session after the company said it has acquired a controlling interest in Denmark-based Dantherm Power, which will result in accelerated development of fuel cell backup power applications across Europe. The 50-day average daily volume for Ballard Power is 470,000, according to the Nasdaq. Helicos BioSciences ( HLCS) rose by 11 cents, or 9.8%, to $1.23 in the premarket session after the company announced the sale of a Helicos Genetic Analysis System to the Turku Centre for Biotechnology. Terms were not disclosed. Riitta Lahesmaa, Director of the center, said the acquisition of a Helicos system will allow the center to perform novel experiments using single molecule sequencing technology. The 50-day average daily volume for Helicos is 1.27 million. MDRNA ( MRNA) added 6 cents, or 5.9%, to $1.08 in the premarket session after the company announced the presentation of data highlighting the ability of its UsiRNA construct to significantly minimize off-target effects while maintaining potent RNA Interference (RNAi) activity. The 50-day average daily volume for MDRNA is 1.17 million. PFSweb ( PSFW) continued to rally, climbing 12.4% to $4.25 in the premarket session. Last week, PFSweb and Procter & Gamble ( PG) jointly announced that they will begin piloting the eStore, an online shopping site that will be owned and operated by PFSweb and exclusively feature P&G products to consumers in the U.S The 50-day average daily volume for PFSweb is 19,000. Enterra Energy Trust ( ENT) jumped by 37 cents, or 17.4%, to $2.48 in the premarket session after the company said its board of directors unanimously approved the conversion of the Trust to a corporation to be named Equal Energy Ltd. The three-month average daily volume for Enterra is 361,000, according to Yahoo! Finance.
( Earlier at 7:34 a.m. EST.) Allied Defense Group ( ADG) was set to trade higher after Chemring Group agreed to acquire the company for $7.25 a share in an all-cash deal. The three-month average daily volume for Allied Defense is 27,000, according to Yahoo! Finance. GenVec ( GNVC) rallied by 26 cents, or 15%, to $2 in the premarket session after the company said it has entered into a research collaboration and license agreement with Novartis ( NVS) to develop treatments for hearing loss and balance disorders. If certain clinical, regulatory and sales milestones are met, GenVec is eligible to receive up to $213.6 mln, including upfront and milestone payments, in addition to royalties on future sales. The 50-day average daily volume for GenVec is 2 million, according to the Nasdaq. Chelsea Therapeutics ( CHTP) should open higher Tuesday after Roth Capital Partners raised its stock price target to $6 from $5 following a meeting with Chelsea's management, with the firm saying it feels more sanguine about prospects for lead drug Droxidopa to treat neurogenic orthostatic hypotension. The 50-day average daily volume for Chelsea Therapeutics is 462,000. Hersha Hospitality Group ( HT) may trade higher after R.W. Baird analysts upgraded the stock to outperform from neutral and raised their stock price target to $4 from $3. The firm cited the recent share offering, which helps reduce leverage and increase liquidity. The three-month average daily volume for Hersha Hospitality is 697,000. -- Written by Robert Holmes in Boston. Check out all of Tuesday's high-volume, under-$5 stocks at the Dollar Store Follow Robert Holmes on Twitter and become a fan of TheStreet.com on Facebook.