Noranda Aluminum Holding (NYSE: NOR) and Wolfden Resources (TSXV: WLF) Lead the Top Sector Gainers

Noranda Aluminum Holding Corp (NYSE: NOR) and Wolfden Resources Corp (TSXV: WLF), lead the top small cap stock gainers for various sectors on both sides the border, including one that saw its share price soar of 33%.

Top U.S. Gainer

Noranda Aluminum Holding Corp (NYSE: NOR), producer of aluminum products and rolled aluminum coils, was the top performer in the U.S. diversified mining sector climbing 32.7% Friday after Goldman Sachs upgraded the stock to buy from neutral raising its price target to $7.00 from the earlier target of $4.24. The stock closed at its 52-week high of $5.63, while recording significant trading volumes of 6.6 million shares. Moreover, NOR broke the key technical resistance levels of 30-day and 50-day DMAs at $4.38 & $4.33 respectively indicating a near-term uptrend in the stock. During the past 5-trading sessions, NOR gained 23% with daily average trading volumes of 1.8 million shares, while the stock accumulated over 22% during the past one month with daily average trading volumes of 971,547 shares. The stock is 71% year-to-date.

1-Year Price Chart

Top Canadian Gainer

Wolfden Resources Corp (TSXV: WLF), engaged in exploration of gold, was the top sector gainer after increasing by 24.1% Friday, while recording trading volumes of 111,000 shares. We note that WLF broke the short term key technical resistance level of 30-day DMA at C$0.16 Friday and closed at C$0.18. During the past 5-trading sessions, WLF gained 20% with daily average trading volumes of 72,690 shares, while the stock accumulated over 13% during the past one month with daily average trading volumes of 46,402 shares.

1-Year Price Chart