Small Caps With Big Gains: Unilife Corp (NASDAQ:UNIS) Up 49.19%, Houston American Energy Corporation (NYSEMKT:HUSA) Up 24.84%

Posted by Michael Korte May 10, 2013 0 Comment 1864 views

Northern, WI 05/10/2013 (GDPInsider) –  Unilife Corp (NASDAQ:UNIS) is up a mammoth 49.19% after starting the day at 2.34. The stock closed previously at 1.85 and is trading with a volume of 4.80 million and a range of 2.25 and 2.78. UNIS is trading 46.81% below its 52-week high of 5.17 and up 52.77% on its 52-week low of 1.80.

Unilife Corp. is a developer and supplier of injectable drug delivery systems and has strong relationships with biotechnology and pharmaceutical companies who use many of its drug delivery systems to conduct clinical stage trials. Unilife recently signed a 15-year supply and customization contract with a leading U.S. pharmaceutical company. The agreement will see Unilife supplying its dual-chamber syringe, EZMix.Alan Shortall, CEO of Unilife believes the company is well place strategically. “Having long said that 2013 would be the inflection point for our business, I am pleased to have turned the corner. We are now entering a period of hyper-growth, and expect to generate accelerating, recurring revenue from an expanding base of customers,” said Shortall during the company’s recent earnings release. UNIS has a RSI of 72.68 and is trading 39.45% above its SMA20 and 26.65% above its SMA50.

Is UNIS a solid investment at these levels? Get exclusive data and trends here.

Houston American Energy Corporation (NYSEMKT:HUSA) is up 24.84% in today’s trading and started the day at 0.20, 0.01 above its previous close of 0.19. The stock has a range of 0.20 and 0.23 with a volume of 1.2 million. The technical chart for HUSA shows that the stock has been rather flat since the start of the year and has hovered around its present trading value. HUSA is down 87.79% on its 52-week high of 1.88 but up 27.56% on its 52-week low of 0.18.

The oil and gas company recently announced the recompletion and initial test results from the Crown paper #1 Well which is operated by Pennington Oil & Gas, LLC. The well which is located in Profit Island Field in East Baton Rouge Parish, Louisiana, is one of a few well in which Houston American Energy Corporation own royalties. HUSA present stake in Crown Paper #1 is 5.675%.

HUSA is trading 10.92% above its SMA50 and 18.35% above its SMA20. With a RSI of 63.00, the stock is neither oversold nor overbought at these present levels.

Should Investors Trade HUSA Now? Get exclusive insights and updates here.



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About Michael Korte

Michael Korte an investigative reporter at GDP Insider and is a breaking news reporter. Michael work includes investigations of misconduct by federal prosecutors and industrial air pollution around the nation's schools. His reporting has been recognized with the Hillman Prize for Newspaper Journalism, the Grantham Prize for Excellence in Reporting on the Environment, and the Philip Meyer Journalism Award for reporting that incorporates social science methods.

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