After registering strong gains during 2013, North American equity indices moved sideways during the first quarter of 2014. The U.S. indices registered marginal gains during the quarter, while the Canadian indices recorded decent gains during the period. However, markets remained mixed during the month of March. During the quarter, Investors remained cautious over Ukraine crisis and the freezing winter storms in the U.S. economy during January and February. As a result, investors moved towards safer investments options such as bonds, dividend-paying stocks and gold. The Fed also voted twice during the quarter to cut back the stimulus program, which now stands at $55 billion a month. Gold fared well during the quarter rising nearly 7% in the first quarter of 2013 after getting slammed in 2013. Looking ahead to the second quarter, investors hope strong economic data and fading geopolitical risks in Ukraine and beyond will help stocks to continue their bull run.
Ubika Research has shortlisted eight stocks trading below $3 which have skyrocketed over 100% during the month of March and the first quarter of 2014 with a significant increase in traded volumes reflecting strong market interest. Average trading volumes of these stocks over the past month are significantly higher than their three months daily average trading volumes. The shortlisted stocks outperformed their respective indices during March 2014, recording strong price gains ranging from 106% to 350% with daily average traded volume in excess of 100,000.
Index Performance
| Index |
Last Index Value |
Price Change |
Price Change |
Average Volume |
|
S&P 500 Index |
1,872.3 |
0.7% |
1.3% |
554,379,737 |
|
NASDAQ Composite Index |
4,199.0 |
-2.5% |
0.5% |
547,661,195 |
|
Russell 2000 Index |
1,173.0 |
-0.8% |
0.8% |
309,089,472 |
|
S&P/TSX Composite Index |
14,335.3 |
0.9% |
5.2% |
179,425,412 |
|
S&P/TSX Venture Composite Index |
994.6 |
-3.0% |
6.7% |
78,346,814 |
Stocks Performance
| Company Name |
Ticker |
Exchange |
Industry |
Market Cap |
Last Price |
Average Volume |
Average Volume |
Price Change |
Price Change |
52-Week High |
52-Week Low |
|
Thelon Capital Ltd |
THC |
TSXV |
Energy |
9.8 |
0.11 |
1,985,936 |
950,246 |
200.0% |
2,000.0% |
0.17 |
0.01 |
|
Meridex Software Corp |
MSC/H |
TSXV |
Communications |
9.1 |
0.27 |
288,851 |
163,346 |
350.0% |
800.0% |
0.29 |
0.01 |
|
Stakeholder Gold Corp |
SRC |
TSXV |
Basic Materials |
6.1 |
0.15 |
298,202 |
201,265 |
107.1% |
383.3% |
0.18 |
0.01 |
|
IsoRay Inc |
ISR |
NYSE |
Healthcare |
103.8 |
2.20 |
11,657,024 |
6,460,975 |
180.3% |
340.0% |
3.77 |
0.44 |
|
MagneGas Corp |
MNGA |
NASDAQ |
Industrial |
46.1 |
1.62 |
4,538,026 |
2,559,349 |
116.0% |
268.2% |
2.45 |
0.40 |
|
Digital Power Corp |
DPW |
NYSE |
Industrial |
11.5 |
1.68 |
509,971 |
249,515 |
154.6% |
150.7% |
3.05 |
0.50 |
|
Synodon Inc |
SYD |
TSXV |
Energy |
30.5 |
0.37 |
902,652 |
461,538 |
105.6% |
131.3% |
0.48 |
0.13 |
|
Liberated Energy Inc |
LIBE |
OTC BB |
Energy |
18.0 |
0.25 |
105,466 |
67,891 |
180.9% |
123.0% |
5.00 |
0.02 |
Source: Bloomberg
Market cap & Last Price are in their respective currencies
Company Description
Thelon Capital Ltd (TSXV: THC)
Thelon Capital Ltd. is a mineral exploration and development company. The company is focused on a portfolio of resource project in regions in Tennessee, United States for coal and Saskatchewan Canada for Uranium and Diamonds.
Meridex Software Corp (TSXV: MSC/H)
Meridex Software Corporation is an application service provider of electronic business solutions, offering software for small and medium-sized enterprises. The company’s Meridex electronic commerce solution is designed to facilitate the buying and selling processes online for manufacturers.
Stakeholder Gold Corp (TSXV: SRC)
Stakeholder Gold Corp. is a mineral exploration company. The company is focused on the Ballarat gold property situated in the Dawson Mining District, Yukon Territory and is located due south of Dawson City within the White Gold District.
IsoRay Inc (NYSE: ISR)
IsoRay, Inc., through its subsidiary, produces a brachytherapy seed, used to treat prostate and other cancers. The company’s seed delivers more than 90 percent to its total radiation dose in less the 33 days, reducing the incidence of common brachytherapy side effects.
MagneGas Corp (NASDAQ: MNGA)
MagneGas Corporation provides services in cleaning and converting contaminated waste. The company recycles city sludge, animal manure, and other liquid waste materials into a clean burning biogas that can be used to operate machinery designed to use natural gas or used for a metal cutting fuel.
Digital Power Corp (NYSE: DPW)
Digital Power Corporation designs, develops, manufactures and markets switching power supplies for sale to manufacturers of computers and other electronic equipment. The company’s products convert alternating current to direct current and divide the single original current source into multiple discrete output voltages.
Synodon Inc (TSXV: SYD)
Synodon, Inc. offers natural gas pipeline monitoring services by helicopter.
Liberated Energy Inc (OTC BB: LIBE)
Liberated Energy Inc owns patents on wind and solar power equipment. The company operates out New Jersey.
