The TSX-listed Canadian stocks on our list have seen their share prices rally at least 10% over the past week on higher-than-average volume
SmallCapPower | October 18, 2021: Today we have found four small Canadian stocks that have experienced increased price and volume momentum, with a seven-day, stock-price return greater than 10% 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 increased investor interest in a stock.
*Share price data and other metrics as of October 15, 2021
Dorel Industries Inc. (TSX:DII.B) – $23.54
Baby and Children’s Products
Dorel Industries is a Canadian company based in Montreal, Quebec, which designs and manufactures for three areas: juvenile products, sports, and home furnishings. Dorel Juvenile is a baby line that has earned a leading global position with respected brands and a commitment to innovative, quality products. Dorel sports makes children’s bikes and Doral makes beds and cribs for kids. On October 11, 2021, Dorel signed an agreement to sell its sports brand to Pon Holdings for $810 million. Dorel plans to use the money to pay off debt and pay a special dividend to shareholders.
- Market Cap: $763.0M
- 7-Day Share Price Return: +125.9%
- 30-Day Return: +102.6%
- YTD-Return: +57.7%
- 7-Day Average Trading Volume: 595,210
- 30-Day Average Trading Volume: 194,210
Hut 8 Mining Corp. (TSX:HUT) – $15.06
Bitcoin Mining
Hut 8 Mining is a Canada-based cryptocurrency miner. Hut 8 wants to become the world’s biggest cryptocurrency miner by using its BlockBox AC manufactured in partnership with Bitfury to mine Bitcoins using conventional datacenter infrastructure. Hut 8 currently operates a total of 73 BlockBox Data Centers, including 56 BlockBoxes at its facility in CMH, Alberta, with each BlockBox having 1.2 MW of capacity, representing an aggregate of 67.2 MW of maximum operating power capacity. Hut 8 has a total maximum operating power capacity of 85.9 MW and an average actual operating hash rate of over 640 Petahashes per second. In addition, Hut 8 is working with Luxor Mining and its proprietary technology developed to maximize returns for miners by utilizing a profit-switching algorithm to maximize earnings by switching between blockchains and venues to maximize hash rate rewards and best-price execution on the Ethereum network.
- Market Cap: $2,470.8M
- 7-Day Share Price Return: +15.8%
- 30-Day Return: +36.2%
- YTD-Return: +331.5%
- 7-Day Average Trading Volume: 3,375,850
- 30-Day Average Trading Volume: 2,656,520
Aritzia Inc. (TSX:ATZ) – $48.23
Fashion and Apparel
Aritzia engages in the design and retail of accessories and women’s apparel with Millennial appeal. The Company sells its products under the Aritzia banner, as well as other banners such as TNA, Babaton, and Wilfred. Aritzia has 101 locations in select cities across North America, including Vancouver, Toronto, Montreal, New York, Los Angeles, San Francisco and Chicago, as well as an eCommerce portal through atrizia.com. For 2021, the Company expects net revenue to increase by 30% to 35%, led by continued eCommerce growth as well as store re-openings.
- Market Cap: $5,324.4M
- 7-Day Share Price Return: +14.4%
- 30-Day Return: +14.1%
- YTD-Return: +87.0%
- 7-Day Average Trading Volume: 750,520
- 30-Day Average Trading Volume: 548,680
Hudbay Minerals Inc. (TSX:HBM) – $9.26
Mining
Hudbay Minerals is an integrated mining company that engages in the production of copper concentrate, molybdenum concentrate, and zinc metals. The Company has assets in North and South America, and is focused on the discovery, production, and marketing of base and precious metals. Hudbay owns three polymetallic mines, four ore concentrators, copper projects, and a zinc production.
- Market Cap: $2,421.7M
- 7-Day Share Price Return: +13.2%
- 30-Day Return: +16.8%
- YTD-Return: +3.9%
- 7-Day Average Trading Volume: 1,605,070
- 30-Day Average Trading Volume: 1,582,850
Disclosure: Neither the author nor his family own shares in any of the companies mentioned above.
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