Austin, TX 12/2/2009 12:58:46 AM
News / Business

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

Stocks are holding on to decent gains as investors absorb a mixed batch of economic reports

A report on manufacturing fell short of analysts' expectations. The Institute for Supply Management says Tuesday that its index of manufacturing activity came in at 53.6 for November, down from 55.7 in October.

 

Meanwhile, the National Association of Realtors' seasonally adjusted index of pending home sales rose 3.7 percent in October.

 

And the government says construction spending logged its first advance in six months in October.

 

Gold prices passed $1,200 an ounce for the first time, rising as high as $1,200.50 an ounce. It eased off that high and was trading at $1,195.80.

 

The Dow Jones industrial average is up 89 at 10,434. The Standard & Poor's 500 index is up 9 at 1,104, while the Nasdaq composite index is up 20 at 2,165.

 

Yesterday’s Top Performing Small Cap stock:

 

VitaminSpice (OTC BB: VTMS) was a SmallCapVoice.com top performer yesterday closing up 8% on trading volume of 23,850 shares.

 

VitaminSpice has elected William "Bill" R. Fields to the Board of Directors.

 

Mr. William R. Fields, age 59, is Chairman of Intersource Co. Ltd. Mr. Fields is a Director of Lexmark International, Inc. Previously, Mr. Fields served as Chairman and Chief Executive Officer of Factory 2-U Stores, Inc. from 2002 to 2003, President and Chief Executive Officer of Hudson's Bay Company from 1997 to 1999 and as Chairman and Chief Executive Officer of Blockbuster Entertainment Group, a division of Viacom, Inc., from 1996 to 1997. Mr. Fields has also held numerous positions with Wal-Mart Stores, Inc., which he joined in 1971. He left Wal-Mart in March 1996 as President and Chief Executive Officer of Wal-Mart Stores Division, and Executive Vice President of Wal-Mart Stores, Inc.

 

Today’s SmallCapVoice.com Hot Stocks to Watch:

 

RIVAL Technologies, Inc. (OTC BB: RVTI)

 

RIVAL Technologies Inc. announced today that it has agreed to terms and issued the initial purchase order for supply of basic engineering on its first TRU process, continuous feed pilot plant.

 

Terms of the order are subject to a confidentiality agreement between the parties and will be announced upon successful completion of the work, expected within eight to ten weeks.

 

This phase will finalize detailed costs, design, procurement and fabrication of the plant including operating requirements of the process. Process and instrumentation diagrams, specification sheets for major equipment, and a preliminary electrical layout are also included. Construction will begin immediately following a review of this information.

 

Total oil resources worldwide are estimated at roughly 9 to 13 trillion barrels of which 30% are conventional. Oil sands, heavy oil and bitumen make up the remaining unconventional 70%. Before moving from the field to the refinery unconventional resources will need to be upgraded and represent the prime market for the TRU process technology.

 

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