RiT Technologies (NASDAQ:RITT) and Strata-X Energy (TSXV:SXE) Lead the Top Sector Gainers

RiT Technologies Ltd (NASDAQ: RITT) and Strata-X Energy Ltd (TSXV: SXE), lead the top small cap stock gainers for various sectors on both sides of the border, including one that saw its share price surge 54%.

Top U.S. Gainer

RiT Technologies Ltd (NASDAQ: RITT), engaged in developing, manufacturing and selling wiring products and premise and local loop connectivity management systems, was the top performer in the U.S. technology sector after skyrocketing 54.1% and closed at $1.48 Monday, while recording significant trading volumes of 3.2 million shares. RITT has breached all of its key technical resistance levels of 30-Day, 50-Day and 200-Day DMAs at $1.04, $1.07 and $1.29 respectively. The upward movement in the company’s stock price is attributable to the recent announcement made by RITT that it has signed an MOU with Wipro Ltd. (NYSE: WIT), an international information technology, consulting and outsourcing company, wherein both the parties will cooperate in identifying relevant projects in India and customizing their integrated solutions for projects, to maximize their business in India. During the past 5-trading sessions, RITT gained 39.6% with daily average trading volumes of 661,964 shares, while the stock accumulated 62.6% gain during the past one month with daily average trading volumes of 124,879 shares. The stock is up 54.2% year-to-date.

1-Year Price Chart

Top Canadian Gainer

Strata-X Energy Ltd (TSXV: SXE), engaged in the exploration and development of oil and gas, was the top sector gainer after climbing 33.3% and closed at C$0.14 Monday, while recording significant trading volumes of 211,700 shares. During the past 5-trading sessions, SXE fell by 9.7% with daily average trading volumes of 125,435 shares, while the stock tumbled 28.2% during the past one month with daily average trading volumes of 82,061 shares.

1-Year Price Chart