4 Canadian Small Caps With the Best Recent Volume and Price Momentum

The TSX-listed Canadian small caps on our list have seen their stock prices rally at least 10% over the past week

SmallCapPower | April 13, 2021: Today we have unearthed four TSX-listed Canadian small caps that have experienced increased price and volume momentum, with a seven-day, stock-price return greater than 10%. Price and volume momentum are a good indicator of bullishness, as increased share prices on strong volumes show increased investor interest in a stock.

*Share prices and other metrics as of April 9, 2021

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The Supreme Cannabis Company, Inc. (TSX:FIRE) – $0.40
Cannabis

The Supreme Cannabis Company is based in Canada and focuses on selling to the wholesale sector for the medical cannabis market in Canada. Through its subsidiary, 7ACRES, the Company operates a 440,000 sq.ft cultivation facility outside of Toronto. The Company’s portfolio also includes Blissco Cannabis Corp, a premium cultivator in British Columbia and Truverra Inc, a global medicinal cannabis brand and licensed cultivator. On April 8, 2021, Supreme announced it would be acquired by Canopy Growth Corporation for $435 million in stock. Shareholders of Supreme Cannabis will receive 11.65 shares of Canopy Growth for every 1,000 shares of Supreme, which represents a 66% premium over the closing price of FIRE shares on April 7, 2021. With the acquisition of Supreme, Canopy’s combined premium market share in Canada is estimated to be 23.3%.

  • Market Cap: $305.2M
  • YTD-Return: +158.1%
  • 7-Day Share Price Return: +48.1%
  • 7-Day Average Trading Volume: 27,743,490
  • 30-Day Average Trading Volume: 9,659,540

Fission Uranium Corp. (TSX:FCU) – $0.66
Uranium Mining

Fission Uranium engages in the acquisition, exploration, and development of uranium resource properties in Canada. Its primary asset is the 100% owned Patterson Lake South property that consists of 17 contiguous mineral claims covering an area of 31,039 hectares located in the Athabasca Basin region of Saskatchewan. On April 7, 2021, the Company announced drill results from the Saskatchewan property, in which all 20 holes drilled hit wide mineralization, with 13 holes supporting high-grade mineralization (> 10,000 cps radioactivity).

  • Market Cap: $387.1M
  • YTD-Return: +71.4%
  • 7-Day Share Price Return: +20.0%
  • 7-Day Average Trading Volume: 1,522,410
  • 30-Day Average Trading Volume: 1,368,520

NioCorp Developments Ltd. (TSX:NB) – $1.48
Superalloys and Rare Earths

NioCorp is developing a superalloy materials project in southeast Nebraska that will produce the critical minerals niobium, scandium, titanium, and rare earths. Niobium is used to produce superalloys as well as high strength, low alloy steel, which is a lighter, stronger steel used in automotive, structural, and pipeline applications. Scandium is a superalloy material that can be combined with aluminum to make alloys with increased strength and improved corrosion resistance. Titanium is used in various superalloys and is also used for aerospace applications, armor and medical implants. On March 2, 2021, the Company announced that it would be launching an economic review of the economic potential of expanding its product suite to rare earths.

  • Market Cap: $363.1M
  • YTD-Return: +82.7%
  • 7-Day Share Price Return: +17.5%
  • 7-Day Average Trading Volume: 198,560
  • 30-Day Average Trading Volume: 111,540

Cineplex Inc. (TSX:CGX) – $13.04
Movies and Entertainment

Cineplex is a Canada-based film exhibition company that owns and operates movie theatres across all 10 provinces. Operating through three segments: film entertainment & content, media & amusement, and leisure, the Company’s subsidiaries include Famous Players LP, Galaxy Entertainment Inc., Cineplex Digital Media Inc., Cineplex Digital Networks Inc., and Cineplex Starburst Inc. The Company also operates WorldGaming.com, a competitive eSports platform, as well as bars/restaurants, such as The Rec Room in Toronto.

  • Market Cap: $825.9M
  • YTD-Return: +40.7%
  • 7-Day Share Price Return: +10.2%
  • 7-Day Average Trading Volume: 592,080
  • 30-Day Average Trading Volume: 411,540

Disclosure: Neither the author nor his family own shares in any of the companies mentioned above.

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