eCrypt Technologies (OTC BB: ECRY) and GLENTEL (TSX: GLN) Lead the Top Sector Gainers

eCrypt Technologies Inc (OTC BB: ECRY) and GLENTEL Inc (TSX: GLN), lead the top small cap stock gainers for various sectors on both sides of the border, including one that saw its share price surge 102%.

Top U.S. Gainer

eCrypt Technologies Inc (OTC BB: ECRY), engaged in providing encryption services and software which secures the transmission of, storage of, and access to digital information, was the top performer in the U.S. technology sector after climbing 30.1% and closed at $0.25 Friday, while recording significant trading volumes of 1.5 million shares. During the past 5-trading sessions, ECRY gained 85.7% with daily average trading volumes of 9.4 million shares, while the stock accumulated 113.9% gain during the past one month with daily average trading volumes of 1.6 million shares. The stock is up 78.9% year-to-date.

1-Year Price Chart

Top Canadian Gainer

GLENTEL Inc (TSX: GLN), engaged in the business of offering wireless telecommunications services and products was the top sector gainer after skyrocketing 101.9% and closed at C$25.75 Friday, while recording significant trading volumes of 1.3 million shares. The rise in the stock’s price came in the wake of GLN’s announcement of a definitive agreement between BCE Inc. (TSX: BCE) and GLENTEL Inc. (TSX: GLN), wherein BCE will acquire all of the issued and outstanding shares of GLN (a move to boost the company’s retail operations), making the deal worth $670 million. GLN shareholders set to receive $26.50 per share in a combination of cash and BCE shares, which represent a premium of 121% based on the 10-day volume weighted trading average share price of GLN on the TSX. During the past 5-trading sessions, GLN gained 108.7% with daily average trading volumes of 295,621 shares, while the stock accumulated 156.5% gain during the past one month with daily average trading volumes of 81,622 shares. The stock is up 81.3% year-to-date.

1-Year Price Chart