NCMI - Q3 Financial Results Causes Delayed Rally

A Colorado-based media company saw some significant price action on Tuesday after the company announced Q3 financial results yesterday. While the quarterly losses were a bit worse than analysts estimated, a sales beat and YoY increase of 71.92% increase must have been the driving factor behind %NationalCineMedia () rally.

Traders pushed shares of this micro cap up to $0.6389/share (+47.86%) at the session high on Tuesday.

National CineMedia Inc is a holding company that operates a digital in-theatre %MediaNetwork across North America. The company displays ads in movie theaters, online, and through mobile video. National CineMedia's most important operation is First Look, its prefeature programming that plays before a movie and related trailers start. The company also operates an online and mobile network in combination with movie theaters that include movie content, trailers, showtimes, and other features.