Oxford Resource Partners (NYSE: OXF) and Horn Petroleum (TSXV: HRN) Lead the Top Sector Gainers

Oxford Resource Partners LP (NYSE: OXF) and Horn Petroleum Corp (TSXV: HRN), lead the top small cap stock gainers for various sectors on both sides of the border, including one that saw its share price surge 54%.

Top U.S. Gainer

Oxford Resource Partners LP (NYSE: OXF), engaged in acquiring and producing surface coal reserves in the Northern Appalachia and the Illinois basin, was the top performer in the U.S. diversified mining sector after skyrocketing 53.9% and closed at $0.97 Friday, while recording significant trading volumes of 996,849 shares. OXF broke its key technical resistance levels of 30-Day and 50-Day DMAs at $0.82 & $0.89 respectively. Recently, the company announced that Westmoreland Coal Company (NASDAQ: WLB) will acquire Oxford GP, the general partner of Oxford and contribute certain royalty bearing coal reserves to Oxford in return for Oxford common units. As a result, Oxford intends to resume quarterly distributions at $0.2000 per common unit and has secured a commitment to refinance its existing credit facilities on better terms, including additional credit capacity to fund future acquisitions. During the past 5-trading sessions, OXF gained 32.9% with daily average trading volumes of 224,308 shares, while the stock accumulated 10.3% gain during the past one month with daily average trading volumes of 74,280 shares.

1-Year Price Chart

Top Canadian Gainer

Horn Petroleum Corp (TSXV: HRN), engaged in the exploration and production of oil & gas, was the top sector gainer after climbing 33.3% and closed at C$0.16 Friday, while recording significant trading volumes of 283,590 shares. HRN breached its key technical resistance level of 30-Day DMA at C$0.16. During the past 5-trading sessions, HRN gained 39.1% with daily average trading volumes of 135,038 shares.

1-Year Price Chart