Stock News on Stocks Showing Significant Moves (CPBY, MEE, ZANE)

China Information Security Tech, Inc. (NASDAQ:CPBY) added 29.85% to $6.91 on 1.16 million shares. The company announced that the State Grid Corporation of China selected the Company's GeoStar and GeoGlobe geographic information systems as one of its only two suppliers for the build-out of the nationwide Smart Grid in China. CIST is the only domestic Chinese supplier.

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Massey Energy Company (NYSE:MEE) lost 8.80% to $49.88 on 1.70 million shares after an explosion at a West Virginia coal mine it operates killed at least 25 people. Dow Jones reported that U.S. federal safety body will investigate the explosion that claimed the lives of 25 miners at Massey Energy Co.'s Upper Big Branch mine.

Zanett, Inc. (NASDAQ:ZANE) is up 79.89% to $3.31. The company today announced that it has set an in-house corporate record for contracts signed in a single quarter since the Company was founded over 10 years ago. During the first 3 months of 2010, over $17.1 million dollars in new business has been closed.

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