Lipocine Inc (NASDAQ: LPCN) and Mkango Resources (TSXV: MKA) Lead the Top Sector Gainers

Lipocine Inc (NASDAQ: LPCN) and Mkango Resources Ltd (TSXV: MKA), lead the top small cap stock gainers for various sectors on both sides the border, including one that saw its share price soar of 77%.

Top U.S. Gainer

Lipocine Inc (NASDAQ: LPCN), engaged in importing healthy energy snack bars, was the top performer in the U.S. healthcare sector, after climbing 38.5% Wednesday and closed at $7.23, while recording significant trading volumes of 7.5 million shares. Recently, the company announced its success in its pivotal phase III trial of its drug testosterone, used in testosterone replacement (TRT) therapy, LPCN 1021. During the past 5-trading sessions, LPCN fell by 3.6% with daily average trading volumes of 1.6 million shares, while the stock tumbled down by 11.2% during the past one month with daily average trading volumes of 321,750 shares.

1-Year Price Chart

Top Canadian Gainer

Mkango Resources Ltd (TSXV: MKA), engaged in exploring rare earth elements and associated minerals, was the top sector gainer after skyrocketing 77.2% and closed at its 52-week high of C$0.20 Wednesday, while recording significant trading volumes of 209,737 shares. Recently MKA announced results of its Pre-feasibility Study for the Songwe Hill Rare Earth Project, which indicates $293 million after-tax net present value (NPV), using a 10% nominal discount rate, and 36% after-tax internal rate of return (IRR). During the past 5-trading sessions, MKA gained 69.6% with daily average trading volumes of 98,347 shares, while the stock accumulated over 44.4% during the past one month with daily average trading volumes of 21,243 shares. The stock is up 178.6% year-to-date.

1-Year Price Chart