Cyanotech (NASDAQ: CYAN) and New Millennium Iron (TSX: NML) Lead the Top Sector Gainers

Cyanotech Corp (NASDAQ: CYAN) and New Millennium Iron Corp (TSX: NML), lead the top small cap stock gainers for various sectors on both sides of the border, including one that saw its share price surge 29%.

Top U.S. Gainer

Cyanotech Corp (NASDAQ: CYAN), engaged in producing natural products from microalgae, was the top performer in the U.S. healthcare sector after gaining 22.6% and closed at $6.06 Tuesday, while recording significant trading volumes of 128,909 shares. The hike in the stock’s price came in the wake of CYAN announcing its financial results for Q2’15 ended September 30, 2014, where the company reported net sales of $8.6 million for Q2’15 compared to $7.2 million for Q2’14, up by 19 and net income stood at $188,000 or $0.03 per diluted share than that of $106,000 or $0.02 per diluted share in Q2’14. During the past 5-trading sessions, CYAN gained 24.7% with daily average trading volumes of 27,299 shares, while the stock accumulated 28.7% gain during the past one month with daily average trading volumes of 10,163 shares. The stock is up 22.9% year-to-date.

1-Year Price Chart

Top Canadian Gainer

New Millennium Iron Corp (TSX: NML), engaged in the exploration and evaluation of mineral properties was the top sector gainer after climbing 29.2% and closed at C$0.27 Tuesday, while recording significant trading volumes of 315,142 shares. NML broke its key technical resistance levels of 30-Day and 50-Day DMAs at C$0.22 & C$0.25 respectively. During the past 5-trading sessions, NML gained 71.0% with daily average trading volumes of 185,240 shares, while the stock accumulated 10.4% gain during the past one month with daily average trading volumes of 116,496 shares.

1-Year Price Chart