Austin, TX 11/26/2009 12:49:37 AM
News / Business

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

Stocks are lightly higher after stronger-than-expected data on the labor market

The number of workers filing claims for jobless benefits fell by a surprisingly large amount in the last week to the lowest level in more than a year, the government said.

 

In addition, U.S. personal spending rose 0.7 percent in October, while durable goods orders unexpectedly fell in the month.

 

With the unemployment rate at 10.2 percent, investors see an improved labor market as key for the recovery firmly taking hold.

 

Also boosting stocks was the U.S. dollar index which fell 0.8 percent to a 15-month low against a currency basket after U.S. Federal Reserve minutes showed that policymakers saw the dollar's recent decline as "orderly.

 

The dollar's decline Wednesday boosted commodities, lifting U.S. gold futures above $1,180 an ounce in early New York trading, while January crude futures rose by 0.3 percent to $76.36 per barrel.

 

The Dow Jones industrial average was up 16.71 points, or 0.16 percent, at 10,450.42.

 

Yesterday’s Top Performing Small Cap stock:

 

GWS Technologies, Inc.  (OTC BB: GWSC) was a SmallCapVoice.com top performer yesterday closing up over 5% on trading volume of 27,410 shares.

 

GWS Technologies, Inc., an alternative energy company developing and marketing solar and wind-powered renewable energy products and solutions, announced today that it would begin distribution of the Solaranda™ Solar Shade Structure.

 

“The Solaranda is innovative, creative, and just the solution to give the solar industry a boost,” said GWS Technologies Vice President Michael Coskun. “The Solaranda appeals to a large consumer base and gives virtually everyone the opportunity to save money and lower their electric bills,” added Mr. Coskun.

 

Lucas Energy, Inc.  (AMEX: LEI) was a SmallCapVoice.com top performer yesterday closing up over 4% on trading volume of 76,612 shares.

 

Lucas Energy, Inc., an independent oil and gas company (the "Company") based in Houston, Texas reports the financial results from operations for second quarter of fiscal year 2009-2010.

 

Mr. William Sawyer, CEO of Lucas Energy said, "We are happy to announce the return to positive EBITDA for the fiscal second quarter. The current quarter returns this trend to positive EBITDA and positive cash flow from operations and we are seeing higher production and strong oil prices. This combined with our focus on keeping lease operating expenses down will result in an even better third quarter. Our joint interest drilling program is in full swing and we are looking forward to the rest of the 2009-10 fiscal year with forecasted increased volumes and increased profitability ongoing."

 

Today’s SmallCapVoice.com Hot Stocks to Watch:

 

Wind Works Power Corp.  (OTC BB: WWPW)

 

Wind Works Power Corp. recently announced that it is submitting an application for its 10 megawatt (MW) Clean Breeze wind energy project for a power contract under the new Feed-in Tariff program as part of the Ontario Power Authority initial launch period.

 

The Feed-in Tariff (FIT) contract program is part of the new Green Energy Act in Ontario and offers a power contract with a guaranteed rate of C$135.00/MWh over a 20-year term to qualified wind energy projects. The Ontario Power Authority (OPA) initial launch period deadline for FIT applications is November 30, 2009. This first launch period is designed for projects that were being developed under the Renewable Energy retired Renewable Energy Standard Offer Program (RESOP program) and are therefore further advanced.

 

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