PEDEVCO (NYSE: PED) and Romarco Minerals (TSX: R) Lead the Top Sector Gainers

PEDEVCO Corp (NYSE: PED) and Romarco Minerals Inc (TSX: R), lead the top small cap stock gainers for various sectors on both sides of the border, including one that saw its share price surge 32%.

Top U.S. Gainer

PEDEVCO Corp (NYSE: PED), engaged in the acquisition and development of energy projects, including shale oil and gas assets, in the U.S. and Asia, was the top performer in the U.S. energy sector after climbing 32.3% and closed at $0.53 Monday, while recording significant trading volumes of 401,587 shares. Recently, PED closed a private placement, where it made a sale of 3,323,734 units, each consisting of one share of the company’s common stock and one five year warrant to purchase one share of the company’s common stock. PED raised net proceeds of approximately $1.8 million, which will be used for the development of existing assets and general working capital purposes. During the past 5-trading sessions, PED fell by 0.04% with daily average trading volumes of 174,741 shares, while the stock tumbled 30.2% during the past one month with daily average trading volumes of 76,283 shares.

1-Year Price Chart

Top Canadian Gainer

Romarco Minerals Inc (TSX: R), engaged in the production of gold, was the top sector gainer after gaining 15.4% and closed at C$0.56 Monday, while recording significant trading volumes of 7.6 million shares. Recently, the company announced that the South Carolina Department of Health and Environmental Control (“SCDHEC”) has issued the mine operating permit for the company’s 100%-owned Haile Gold Mine project (“Haile”). During the past 5-trading sessions, R gained 3.7% with daily average trading volumes of 2.4 million shares, while the stock fell by 13.8% during the past one month with daily average trading volumes of 3.5 million shares. The stock is up 49.3% year-to-date.

1-Year Price Chart