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Novogen Ltd. leads Tuesday small-cap pre-market volume

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Physicians Formula Holdings, Inc. (Nasdaq: FACE) lowered its Q2 sales guidance to $21 million, from $22 million.

Ariad Pharmaceuticals, Inc. (Nasdaq: ARIA) reported a federal court ruled in its favor in a patent infringement case against Eli Lilly and Co. (NYSE: LLY).

Medical technology company Kensey Nash Corp. (Nasdaq: KNSY) reported it’s ceasing embolic protection activities. The closing of the operations will cost the company $5.1 million, or $0.28 per share, which will be recorded in the 2007 and 2008 fiscal years.

The following are the most actively traded companies in Tuesday pre-market trading among those with market capitalizations under $500 million:

    Price at %
9:11 et Change Change Volume Year High Year Low
 NVGN  NOVOGEN LIMITED   8.39     +0.03     +0.3%     200.0k     12.82     8.14  
 HOKU  HOKU SCIENTIFIC INC   12.27     -0.38     -3.0%     56.9k     12.97     2.12  
 LOCM  LOCAL COM CORP   10.81     -0.34     -3.0%     41.3k     13.74     3.05  
 FACE  PHYSICIANS FORMULA HLDGS INC   13.15     -2.75     -17.3%     26.4k     23.25     14.33  
 AGIL  AGILE SOFTWARE CORP DEL   8.08     -0.01     -0.1%     19.0k     8.09     5.08  
 BRLC  SYNTAX BRILLIAN CORP   5.80     +0.15     +2.7%     12.5k     11.70     2.45  
 CHNR  CHINA NATURAL RESOURCES INC   11.67     +0.28     +2.5%     11.4k     12.99     4.75  
 ARIA  ARIAD PHARMACEUTICALS INC   6.10     +0.04     +0.7%     5.7k     6.21     3.27  
 RACK  RACKABLE SYS INC   12.11     -0.08     -0.7%     5.6k     39.50     11.25  
 UNCA  UNICA CORP   13.12     -2.48     -15.9%     5.3k     17.98     8.39