A surge in trading volume can be good news for a stock if the price is also rising but bad news if its value is falling. Today, we have shortlisted four Canadian small cap stocks with average daily trading volume of four million or more shares over a recent five-day period.
Romarco Minerals Inc. (TSX: R) – $0.47 | Market Cap: $582,502,567
Diversified Mining
Romarco Minerals Inc. is a Canada-based exploration and development stage mining company engaged in the acquisition, exploration and development of precious metals mineral properties. The Company’s primary asset is the Haile Gold Mine (Haile) located in Lancaster County, South Carolina.
- Average Daily Volume Traded (5 days): 6,080,997
ProMetic Life Sciences Inc. (TSX: PLI) – $2.45 | Market Cap: $1,354,168,076
Pharmaceuticals
ProMetic Life Sciences Inc. is a Canada-based biopharmaceutical company. The Company is engaged in bioseparations, plasma-derived therapeutics and small-molecule drug development. The Company operates in two segments, which include Protein Technologies and Therapeutics. Its subsidiaries include ProMetic BioSciences Inc., ProMetic BioTherapeutics Inc. among others.
- Average Daily Volume Traded (5 days): 5,530,550
Patient Home Monitoring Corp. (TSXV: PHM) – $1.35 | Market Cap: $286,187,111
Healthcare Facilities & Services
Patient Home Monitoring Corp. is a healthcare company. The Company is engaged in providing in-home monitoring equipment, supplies and services to patients in the United States. The Company’s 100% equity subsidiaries include PHM DME Healthcare, Inc, Stancap Holdings I Limited, Patient Home Monitoring, Inc., PHM Health Management, Inc., Healthcare Logistics Corporation, Hollywood Healthcare Corporation, Resource Medical Group, LLC, Palmetto Medical Holdings, LLC, RMGC, LLC, and Care Medical Partners, LLC.
- Average Daily Volume Traded (5 days): 4,084,415
Orbite Aluminae Inc. (TSX: ORT) – $0.34 | Market Cap: $107,183,115
Aluminum
Orbite Aluminae Inc. is a resource development and mineral-processing technology company. The Company owns the intellectual property rights to patented and patent-pending processes for extracting alumina, scandium, gallium and other rare earths from aluminous clay and other feedstock and for the treatment of bauxite waste resulting from the Bayer process. The Company owns 100% of the mining rights of several properties in the province of Quebec and an option to acquire claims in the province of Nova Scotia. The Company’s flagship property in Gaspe, Quebec comprises 115 claims covering 6,441 hectares.
- Average Daily Volume Traded (5 days): 4,029,208
