Austin, TX 1/9/2010 12:07:52 AM
News / Business

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

Stocks are lower on weaker-than-expected unemployment report

Wall Street is lower after data showed an unexpected decline in non-farm payrolls in December.

 

U.S. employers cut 85,000 jobs last month, compared with a revised gain of 4,000 jobs in November, with the unemployment steady at 10 percent. Economists forecast non-farm payrolls would be unchanged last month.

 

The Dow Jones industrial average dropped 26.98 points, or 0.25 percent, to 10,579.88. The Standard & Poor's 500 Index lost 2.86 points, or 0.25 percent, to 1,138.83. The Nasdaq Composite Index fell 6.16 points, or 0.27 percent, to 2,293.89.

 

Yesterday’s Top Performing Small Cap stocks:

 

SkyPeople Fruit Juice, Inc. (Amex: SPU) was a SmallCapVoice.com top performer yesterday closing up over 9% on trading volume of 288,787 shares.

 

SkyPeople Fruit Juice, Inc., a processor and manufacturer of concentrated kiwifruit, apple, pear and other fruit juices and fruit products in China,

announced continued governmental support for kiwifruit growers in Shaanxi Province and direct governmental support for SkyPeople Fruit Juice. Beginning in 2008, the Shaanxi Fruit Industry Council first announced it would support kiwifruit farmers with a yearly cash subsidy of 300RMB for each Chinese "mu" harvested for kiwifruit (the equivalent value would be approximately $267 USD per acre based on the exchange rate of December 31, 2009). After an initial review of the program's benefits over the last two years, the Shaanxi government reconfirmed support to maintain the program through 2015. Shaanxi Province is China's largest growing area for kiwifruit. In particular, Shaanxi Qinling mountain area is the most fertile growing area for kiwifruit, which can grow 96% species of kiwifruit known worldwide. The output of the kiwifruit growing area was 350,000 tons in 2008.

 

Today’s SmallCapVoice.com Hot Stock to Watch:

 

Lux Energy Corp. (OTC BB: LUXE)

 

Lux Energy Corp., an oil and gas production and exploration company, today announced that it is negotiating an agreement with the Operator of its West Central Alberta project near Edmonton to acquire a substantial working interest in the “E” well. Lux Energy currently owns positions in A, B, C and D wells in adjoining oil and gas leases.

 

“E” well is a priority target supported by 3D seismic structure definition. The “E” well is at an offset location to the Company’s previously drilled “C” well. The “C” lease is successfully producing with secondary gas credits. This location is a topographic high where fluids naturally migrate, as was witnessed in “C” well. The operator’s engineers and technicians prospect that the “E” well should encounter substantial liquids in the target reservoir. The operator points out that the “C” well is free-flowing and not yet stimulated but is successfully producing. This bodes well for the prospects of “E” well. The gathering systems and production facilities are on location and in operation, therefore the well completion can transfer to production status immediately. Revenue and cash flow are a critical feature of this “E” project.

 

Shane Broesky, President of Lux Energy Corp., comments, “The petroleum engineering and geological surveys of the ‘E’ lease indicate a superior opportunity. It is the Company’s primary target in the Barhead prospects and we are optimistic that this unique opportunity to participate in this proven field will be of great benefit to Lux Energy.”

 

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