The TSX-listed Canadian stocks on our list have seen their stock prices rally at least 7% over the past week on higher-than-average volume
SmallCapPower | November 22, 2021: Today we have filtered through and found four Canadian stocks that have experienced increased price and volume momentum, with a seven-day, stock-price return greater than 7% and with seven-day average trading volume greater than the 30-day average trading volume. Positive price momentum combined with a large trading volume increase is a powerful combination, especially for smaller-cap stocks and micro-cap names, as increased share prices on strong volumes show greater investor interest in a stock.
*Share price data and other metrics as of November 19, 2021
Kinaxis Inc. (TSX:KXS) – $229.10
Enterprise Solutions
Kinaxis is a vendor of SaaS solutions for supply-chain planning. Its software provides customers with a control tower view of their supply chains, highlighting issues that may affect their ability to meet customer demand. It also allows customers to perform scenario analysis, allowing them to determine the impact that different decisions might have on their operations. Kinaxis’s AI-powered software allows clients, which include Ford, Unilever, and Toyota Motors, to transform their supply chain and operations planning capabilities.
- Market Cap: $6,261.2M
- 7-Day Return: +8.4%
- 30-Day Return: +19.6%
- YTD-Return: +27.0%
- 7-Day Average Trading Volume: 64,450
- 30-Day Average Trading Volume: 55,770
Resolute Forest Products Inc. (TSX:RFP) – $14.84
Lumber and Forestry
Resolute Forest Products provides a diverse range of products, including market pulp, tissue, wood products, newsprint and specialty papers, which are marketed in about 70 countries. The Company owns or operates some 40 facilities, as well as power generation assets, in the United States and Canada. Resolute operates through four segments: Market Pulp, Tissue, Wood Products, and Paper. The Market Pulp segment offers virgin and recycled bleached kraft pulp, which is used to make a range of consumer products, including tissue, packaging, specialty paper products, diapers, and other absorbent products. The Tissue segment provides various tissue products, such as recycled and virgin paper products for the away-from-home and retail markets; and sells parent rolls. The Wood Products segment produces construction-grade and spruce-pine-fir lumber products, wood chips, bed frame components, finger joints, and furring strips for pulp and paper mills, as well as I-joists for the construction industry. The Paper segment offers newsprint to newspaper publishers, as well as to commercial printers for a range of uses comprising inserts and flyers.
- Market Cap: $1,158.5M
- 7-Day Return: +8.1%
- 30-Day Return: -11.5%
- YTD-Return: +78.8%
- 7-Day Average Trading Volume: 76,090
- 30-Day Average Trading Volume: 55,940
High Liner Foods Incorporated (TSX:HLF) – $14.26
Frozen Seafood
High Liner Foods is the leading North American processor and marketer of value-added (“processed”) frozen seafood. Products include breaded and battered seafood, seafood entrées, and raw frozen seafood products. The Company offers its products under Foodservice and Retail brand. The retail channel includes grocery and club stores and its products are sold throughout the United States, Canada and Mexico under the High Liner, Fisher Boy, Mirabel, Sea Cuisine and C. Wirthy & Co. labels. The Foodservice channel includes sales of seafood that are sold through distributors to restaurants and institutions under the High Liner, Icelandic Seafood1, Mirabel and FPI labels. High Liner owns and operates three food-processing plants located in Nova Scotia, New Hampshire and Virginia.
- Market Cap: $475.3M
- 7-Day Return: +7.3%
- 30-Day Return: +9.3%
- YTD-Return: +28.5%
- 7-Day Average Trading Volume: 48,380
- 30-Day Average Trading Volume: 24,110
Docebo Inc. (TSX:DCBO) – $97.39
Enterprise Solutions
Docebo is a cloud-based, AI-powered, e-learning platform and vendor of Enterprise Software as a Service (SaaS) solutions, particularly in the area of employee and customer training. Some of Docebo’s top corporate clients include Uber Technologies, Netflix, Starbucks, L’Oreal, Heineken, and Capital One. During its quarter ended September 30, Docebo reported 55% growth in its annual recurring revenues, while its average contract value increased by about 25%.
- Market Cap: $3,192.9M
- 7-Day Return: +6.7%
- 30-Day Return: -1.2%
- YTD-Return: +17.7%
- 7-Day Average Trading Volume: 83,420
- 30-Day Average Trading Volume: 73,970
Disclosure: Neither the author nor his family own shares in any of the companies mentioned above.
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