First Marblehead Corp (NYSE: FMD) and Ivanhoe Energy Inc. (TSX: IE) Lead the Top Sector Gainers

First Marblehead Corp (NYSE: FMD) and Ivanhoe Energy Inc. (TSX: IE), lead the top small cap stock gainers for various sectors on both sides of the border, including one that saw its share price surge 130%.

Top U.S. Gainer

First Marblehead Corp (NYSE: FMD), a specialty finance company focused on education loan programs for K-12, undergraduate and graduate students in the United States, as well as tuition planning, tuition billing, refund management and payment technology services, was the top performer in the U.S. financial sector after skyrocketing 129.8% and closed at $4.85 Thursday, while recording significant trading volumes of 2.4 million shares. FMD broke its key technical resistance levels of 50-Day and 200-Day DMAs at $2.19 & $ 4.28 respectively. The upbeat in the stock’s price resulted with FMD’s announcement of that the Internal Revenue Service (“IRS”) has informed the Company that it is no longer challenging the federal tax refunds the Company previously received in the amounts of $176.6 million and $45.1 million. During the past 5-trading sessions, ASPX gained 144.9% with daily average trading volumes of 545,022 shares, while the stock accumulated 34.3% loss during the past one month with daily average trading volumes of 152,436 shares.

1-Year Price Chart

Top Canadian Gainer

Ivanhoe Energy Inc. (TSX: IE), an independent international heavy oil development and production company, was the top sector gainer after skyrocketing 38.2% and closed at C$0.76 Wednesday, while recording significant trading volumes of 741,292 shares. During the past 5-trading sessions, ZNN lost 28.7% with daily average trading volumes of 305,232 shares, while the stock accumulated 83.9% loss during the past one month with daily average trading volumes of 82,553 shares.

1-Year Price Chart