Daily Small Cap Market News and Stock Highlights from SmallCapVoice.com

There was little economic or corporate news to guide investors in the early going. Investors were waiting for the Federal Reserve to release its latest assessment of the economy in different parts of the country. The report, known as the beige book, is due at 2 p.m. EDT.

Meanwhile, investors around the world were tracking the dollar, which is trading near lows for the year against the euro and a two-month low against the yen after sinking Tuesday. The dollar's recent drop is lifting commodities prices, including oil which is extending its gains.

Oil traders are closely watching an OPEC meeting in Vienna, although oil ministers have repeatedly said the producer group is unlikely to change its production levels.

In early trading, the Dow Jones industrial average rose 18.14, or 0.2 percent, at 9,515.48. The Standard & Poor's 500 index gained 2.10, or 0.2 percent, to 1,027.49, while the Nasdaq composite rose 4.24, or 0.2 percent, at 2,042.01.

Yesterday’s Top Performing Small Cap stock:

Cobra Oil & Gas Company (OTC BB: CGCA) was a SmallCapVoice.com top performer yesterday closing up over 9% on trading volume of  2,055,433 shares.

Cobra Oil & Gas Company is pleased to notify an approval by the Obama administration for a pipeline to carry oil-sands fuel from Canada into the U.S., sending a positive economic signal in a difficult economic period. The pipeline will amass 1000 miles and is designed to carry up to 800,000 barrels of fuel a day from Canada’s vast oil sands.

Enbridge Energy will take on the building of the pipeline as the U.S. aims to diversify oil supplies coming into the country and increase crude oil supplies from a major non-Organization of Petroleum Exporting Countries producer while shortening the transportation path for crude oil supplies.

Cobra is currently finalizing the purchase of 40% contract interest on 23 Federal Leases covering 33,632 acres within the P.R. Spring deposit in Uintah County, Utah. Adjacent to the Utah oil sands prospect, Cobra also acquired a 37.5% working interest covering 640 acres, along with a 62.5% working interest on 640 additional acres.

Today’s SmallCapVoice.com Hot Stock to Watch:

HearAtLast Holdings, Inc. (Pink Sheets: HRAL)

HearAtLast Holdings, Inc., a leading provider of suitable affordable solutions to clients with hearing needs in the billion dollar hearing loss market, announced today that the Company is forecasting for significant sales growth for the balance of 2009 and 2010 year based on improved market conditions and aggressive Brand Awareness within their 29 Canadian Clinics co-located within select Wal-Marts.

Sales targets have been increased by upwards of 15 percent due in part to increased traffic, exclusive product offerings, and a more stable economy, states Pierre Lafontaine, Managing Director. The most significant proponent to this, however, is the maturing of 4 clinics over the next 6 months, whereby the repeat flow of sales from existing patients begins to ignite an annuity for each clinic as they hit their 4th year of operation.

HearAtLast's new management team is behind this aggressive approach based on the initial success of our Community Outreach Platform being instituted company wide. There is now a better clinic model in North America to purchase a Hearing Device. We offer accessible, affordable, virtually invisible devices with an industry leading warranty and service model.

Small Cap News Highlights: Premier Power Renewable Energy (OTC BB: PPRW)

Premier Power Renewable Energy announced today that it has broken ground on the first phase of its 20 mega watt (MW) solar pipeline in Italy.

Premiers Power’s first phase projects are located in the Puglia region of southern Italy and are the first in a series of projects valued in excess of $100 million that are being developed as a result of Premier Power’s acquisition of Arco Energy in July 2009. Arco Energy is an Italian solar project developer, EPC and distributor.

The Company expects the first fixed ground mount solar installation to be completed by October 2009. The project will utilize crystalline modules provided by Canadian Solar and inverters from Power One. The Puglia installations will be installed using environmentally friendly racking, ensuring minimal disruption to the land and surrounding environment.

“Italy is no doubt the hottest market in the world today and we are excited to be in the center of the action and perfectly positioned for outstanding growth over the next 12 to 24 months,” said Miguel De Anguin, COO of Premier Power. “Premier Power has moved a number of its senior managers from the US to Italy in order to assist the local Italian team in meeting the growing demand.”

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