NXT-ID (NASDAQ: NXTD) and Gasfrac Energy Services (TSX: GFS) Lead the Top Sector Gainers

NXT-ID Inc (NASDAQ: NXTD) and Gasfrac Energy Services Inc (TSX: GFS), lead the top small cap stock gainers for various sectors on both sides the border, including one that saw its share price soar of 54%.

Top U.S. Gainer

NXT-ID Inc (NASDAQ: NXTD), engaged in providing security solutions to mobile devices, was the top performer in the U.S. industrials sector after skyrocketing 53.6% Monday and closed at $2.12, while recording significant trading volumes of 3.2 million shares. Recently, the company announced the completion of its recent funding with proceeds of $5.85 million by offering underwritten common shares and warrants. According to the company these proceeds are expected to be used in the expansion of the company by making its presence in new markets, expanding distributional channels, increasing staff and running advertisement campaigns for target markets. During the past 5-trading sessions, NXTD declined by 10.9% with daily average trading volumes of 910,183 shares, while the stock tumbled down by 44.9% during the past one month with daily average trading volumes of 210,090 shares.

1-Year Price Chart

Top Canadian Gainer

Gasfrac Energy Services Inc (TSX: GFS), an oil and gas service company, was the top sector gainer after raising 25.0% Monday, while recording significant trading volumes of 196,939 shares. GFS broke its key technical resistance level of 30-Day DMA at C$1.11. During the past 5-trading sessions, GFS gained 3.6% with daily average trading volumes of 143,705 shares, while the stock declined by 6.5% during the past one month with daily average trading volumes of 255,096 shares.

1-Year Price Chart