ARCA biopharma (NASDAQ: ABIO) and Niko Resources (TSX: NKO) Lead the Top Sector Gainers

ARCA biopharma Inc. (NASDAQ: ABIO) and Niko Resources Ltd. (TSX: NKO) lead the
top small cap stock gainers for various sectors on both sides of the border,
including one that saw its share price surge 28%.

Top U.S. Gainer

ARCA biopharma Inc (NASDAQ: ABIO), engaged in developing genetically-targeted therapies for heart failure and other cardiovascular diseases, was the top performer in the U.S. healthcare sector after gaining 22.3% and closed at $0.98 Wednesday, while recording significant trading volumes of 2.1 million shares. ABIO broke its key technical resistance level of 30-Day DMA at $0.91. Recently, ABIO announced that the U.S. Food and Drug Administration (FDA) Office of Orphan Products Development has granted orphan drug designation to rNAPc2 as a potential treatment of viral hemorrhagic fever post-exposure to Ebola virus. During the past 5-trading sessions, ABIO gained 34.2% with daily average trading volumes of 961,916 shares, while the stock fell by 7.5% during the past one month with daily average trading volumes of 300,941 shares.

1-Year Price Chart

Top Canadian Gainer

Niko Resources Ltd (TSX: NKO), engaged in the exploration and development of oil and gas, was the top sector gainer after climbing 28.0% and closed at C$0.32 Wednesday, while recording significant trading volumes of 890,659 shares. NKO breached its key technical resistance level of 30-Day DMA at C$0.27. During the past 5-trading sessions, NKO gained 23.1% with daily average trading volumes of 365,291 shares, while the stock accumulated 22.6% gain during the past one month with daily average trading volumes of 380,382 shares.

1-Year Price Chart