Today’s top stock gainers are led by three small cap stocks: HUSA, AIM and PATK, these stocks may not match the criteria of good stocks to add to your portfolio, but there may be some potential opportunities for short-term speculative profits.
Top stock gainer No.1: Houston American Energy Corporation (HUSA)
HUSA stock price jumped up in the morning session, finally settled at $2.43 per share, a daily increase of 35%, or $0.63. HUSA stock led today’s top gainers, but the stock has fallen approximately 80.7% since the beginning of this year. The market cap of HUSA is approximately $75.73 million.
Houston American Energy is an oil and gas exploration and production company engaging in the acquisition, exploration, exploitation, development, and production of natural gas and crude oil properties in the South American country of Colombia and U.S.
Bronstein, Gewirtz & Grossman and Rosen Law Firm announced investigations on Houston American Energy over potential securities laws violations and HUSA also confirmed that the SEC was investigating the company last week, weighing on HUSA stock price.
Top stock gainer No.2: Aerosonic Corporation (AIM)
AIM stock price rose sharply by 32.76%, or $0.77,to close at $3.12 million without any news. AIM is currently commanding a market cap of $11.76 million.
Aerosonic Corporation, founded in 1968, engages in the design, manufacture, and supply of aircraft instrumentation and sensor systems worldwide. The Company’s products are sold to manufacturers of commercial and private aircraft, both domestic and foreign, and the United States military services.
Top stock gainer No.3: Patrick Industries, Inc. (PATK)
Patrick Industries saw a 27.96%, or $2.50 increase in its stock price. The company is currently commanding a market cap of $118.9 million and trades its shares 14.13 times earnings.
Patrick Industries manufactures and distributes building products and materials to the recreational vehicle (“RV”) and manufactured housing industries (“MH”) in the United States and Canada. It operates in two segments: Manufacturing and Distribution.
Patrick Industries reported the first quarter 2012 financial results, showing its net sales for the first quarter were $102.7 million, up 47.8%, or $33.2 million compared to a year ago.
Net income in the first quarter of 2012 was $5.0 million or $0.47 per diluted share, an increase of $6.2 million or $0.60 per diluted share, compared with a net loss of $1.2 million or $0.13 per diluted share in the previous year same period.