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

Major indexes dropped more than 1 percent, including the Dow Jones industrials, which tumbled 130 points.

Investors showed little deference to a new report on weekly unemployment claims that was in line with expectations.

The Labor Department said the number of newly laid off workers seeking unemployment benefits for the first time was unchanged last week at 505,000, matching economists' expectations.

Unemployment has been one of the market's biggest ongoing concerns. Consumers worried about their jobs have cut back on spending, which has slowed the recovery. Investors are looking for any signs that shoppers are more likely to start spending again, especially as the crucial holiday shopping season approaches.

The market's early slide follows a slight dip in stocks on Wednesday and heavy selling of shares overseas.

Asian markets fell amid fresh worries about the financial sector as Japan's biggest bank, Mitsubishi UFJ Financial Group, said it plans to raise $11.2 billion to shore up its balance sheet. European markets were also lower.

As markets overseas fell, the dollar rose, hurting commodities and energy and materials stocks.

The Dow fell 130.67, or 1.3 percent, to 10,295.64. The Standard & Poor's 500 index fell 16.74, or 1.5 percent, to 1,093.06, while the Nasdaq composite index fell 36.63, or 1.7 percent, to 2,156.51.

Yesterday’s Top Performing Small Cap stock:

Adventure Energy, Inc. (OTC BB: ADVE) was a SmallCapVoice.com top performer yesterday closing up over 14% on trading volume of 14,260 shares.

Adventure Energy, Inc., an energy exploration company with operations in the Appalachian Basin, today announced that it has closed on the Asset Purchase agreement whereby the Company acquired a total of 30 previously drilled wells, 8 producing wells, and 2000 acres of leaseholds in Kentucky.

The eight producing wells will undergo minor repairs and be placed back into production immediately. The Company will initiate a progressive rework program on the remaining wells and will selectively place individual wells back into production over the next 2-3 months. The Company’s projections are for 3-4 BOD for each of the producing wells. The Company’s annual revenue projection for the 8 producing wells is $350,000.

Today’s SmallCapVoice.com Hot Stocks to Watch:

PowerVerde, Inc.  (OTC BB: PWVI)

PowerVerde, Inc., a manufacturer of high performance pressure and gas expansion products motors used in the production of renewable electric power, announced today that it has entered into a nonbinding Memorandum of Understanding (MOU) with The Eakins Group (“Eakins”), a Manteno, Ill.-based oil service and construction company. As per the MOU, the parties intend for Eakins to be given an exclusive Midwest territory to sell PowerVerde’s Gas Expansion and Gas Pressure Motors. Terms of the MOU reflect a joint effort between the companies to distribute, install and maintain PowerVerde’s proprietary Power System technology with the intent of Eakins developing a nationwide footprint. PowerVerde will be responsible for delivering to Eakins high quality Power Systems, including Organic Rankine Cycle and related subsystems, along with all spare parts and training for installation and repair.

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Small Cap Voice SCV is an electronic publication, and is for informational purposes only. The stocks profiled by SCV are only company profiles and are not intended to be and should not be accepted by you as recommendations to buy or sell in these securities. These profiles are compiled from publicly available sources. Our sources include, but are not limited to, online research, company profiles, member suggestions, magazines, newspapers, analyst suggestions, broker recommendations, contact with the company, company rumors, press releases and other similar information sources. All profiles are based on information that is accessible by the public. Investing in stocks involves risk. SCV is not and does not hold itself out to be a registered broker or dealer or other licensed securities professional. You should consult a qualified, licensed financial advisor or stock broker before making any decisions to invest in the securities of any company that is described in these profiles.  For compensation and complete disclaimer click here.

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