Molycorp (NYSE:MCP) and Cardiocomm Solutions (TSXV:EKG) Lead the Top Sector Gainers

Molycorp Inc (NYSE: MCP) and Cardiocomm Solutions Inc (TSXV: EKG), lead the top small cap stock gainers for various sectors on both sides of the border, including one that saw its share price surge 178%.

Molycorp Inc (NYSE: MCP), engaged in producing rare earth minerals, was the top performer in the U.S. diversified mining sector after skyrocketing 43.9% and closed at $0.48 Monday, while recording significant trading volumes of 9.3 million shares. Recently, MCP announced that rare earth production in the fourth quarter of 2014 at its Mountain Pass, California facility increased year-on-year and nearly doubled that of the preceding quarter with 1,328 metric tons (mt) of rare earth oxide equivalent production in Q4’14 against 1,034 mt in Q4’13 and 691 mt in Q3’14. During the past 5-trading sessions, MCP gained 35.7% with daily average trading volumes of 5.7 million shares, while the stock fell by 44.7% during the past one month with daily average trading volumes of 4.9 million shares.

1-Year Price Chart

Top Canadian Gainer

Cardiocomm Solutions Inc (TSXV: EKG),engaged in developing advanced software and hardware related to a personal heart arrhythmia monitoring system, was the top sector gainer after skyrocketing 177.7% and closed at C$0.13 Monday, while recording significant trading volumes of 12.6 million shares. EKG also broke its key technical resistance level of 200-Day DMA at C$0.06. The stock’s price rise is attributable to EKG’s recent announcement that it has entered into an agreement with Shoppers Drug Mart Inc. for the over-the-counter sale of the HeartCheck™ ECG PEN device in pharmacies across Canada. During the past 5-trading sessions, EKG gained 177.8% with daily average trading volumes of 2.8 million shares, while the stock accumulated 212.5% gain during the past one month with daily average trading volumes of 565,729 shares. The stock is up 257.1% year-to-date.

1-Year Price Chart