Infinera (NASDAQ: INFN) and Geomega Resources (TSXV: GMA) Lead the Top Sector Gainers

Infinera Corp (NASDAQ: INFN) and Geomega Resources Inc (TSXV: GMA), lead the top small cap stock gainers for various sectors on both sides of the border, including one that saw its share price surge 31%.

Top U.S. Gainer

Infinera Corp (NASDAQ: INFN), engaged in manufacturing digital optical telecommunications equipment, was the top performer in the U.S. technology sector after climbing 30.9% and closed at $13.89 Thursday, while recording significant trading volumes of 23.8 million shares. INFN broke its key technical resistance level of 30-Day DMA at $10.68. Recently, the company announced its Q3’14 results wherein it generated $173.6 million in revenue compared to $165.4 million in Q2’14 and $142.0 million in Q3’13 and net income for Q3’14 stands at $4.8 million ($0.04 per diluted share) compared to $3.3 million ($0.03 per diluted share) in Q3’13. During the past 5-trading sessions, INFN gained 33.4% with daily average trading volumes of 6.5 million shares, while the stock accumulated 28.7% gain during the past one month with daily average trading volumes of 2.5 million shares. The stock is up 42.0% year-to-date.

1-Year Price Chart

Top Canadian Gainer

Geomega Resources Inc (TSXV: GMA), engaged in acquiring, developing and exploring mining properties, was the top sector gainer after gaining 29.0% and closed at C$0.20 Thursday, while recording significant trading volumes of 147,750 shares. During the past 5-trading sessions, GMA gained 42.9% with daily average trading volumes of 131,336 shares, while the stock fell by 16.7% gain during the past one month with daily average trading volumes of 146,165 million shares. The stock is up 100.0% year-to-date.

1-Year Price Chart