Top U.S and Canadian Sector Gainers (NASDAQ: PSMI) (TSXV: LPS)

Peregrine Semiconductor Corp (NASDAQ: PSMI) and Legend Power Systems Inc (TSXV: LPS) lead the top small cap stock gainers for various sectors on both sides the border, including one that saw its share price soar of 63%

Top U.S. Gainer

Peregrine Semiconductor Corp (NASDAQ: PSMI), engaged in the design, manufacturing and marketing radio frequency integrated circuits (RFICs), was the top performer in the U.S. technology sector after skyrocketing 62.9% Friday on the news that Murata Manufacturing Co Ltd, a Japanese semiconductor manufacturer, will acquire PSMI for $471 million in cash. The stock jumped to a new intraday high of $12.89 and ended at $12.53 while recording huge trading volumes of 12.05 million shares. During the last 5-trading sessions, the stock gained 73.3% with daily average trading volumes of 2.3 million shares, while the stock surged over 85% in the past one month with daily average trading volumes of over 544,129 shares.

1-Year Price Chart

Top Canadian Gainer

Shares of Legend Power Systems Inc (TSXV: LPS), a Canada-based electrical energy conservation company is engaged in marketing a device designed to provide energy savings through voltage optimization to commercial and industrial customers, topped the Canadian Industrial sector after climbing 12.7% Friday on the announcement of an international distribution agreement with Energy Optimisa Holdings Limited, a voltage optimization company based in Cape Town, South Africa. The stock ended at its 52-week high of C$0.62 while recording significant volumes of 326,549 shares. During the past 5-trading sessions, the stock rallied 7% with daily average trading volumes of 102,877 shares compared with one month daily average trading volumes of 142,822 shares. We note that the stock is up 377% year to date.

1-Year Price Chart