By Hassan
Malik
If a stock’s
volume and price are rising simultaneously it’s considered a bullish sign. That
being said, we have shortlisted four Canadian and U.S. small caps that have
registered over 100% increases in trading volume over the last month, indicating
strong market interest.
Trillium Therapeutics Inc. (TSX:
TR): Trillium is an immune-oncology company engaged in developing
innovative therapies for cancer. On April 6, 2015, the company gained 4.76% to
close at $33 and maintained a trading volume of 31,356. Trading volume for the
same date last month was 2,213, accounting for an overall monthly volume change
of 154%. As well, over the last five days, shares of the company have gained
22.56% and 201.43% year to date. Its stock price has also outperformed the
S&P TSX by 150.15% during the past year.
Roundy’s, Inc. (NYSE:
RNDY): Roundy’s is a Midwest supermarket chain. The company operates
approximately 163 grocery stores in Wisconsin, Minnesota and Illinois and
offers its customers approximately 45,000 different items. On April 6, 2015, its
shares jumped 12% to close at $5.73 and maintained a trading volume of
2,370,463. Trading volume for the same date last month was 366,153, accounting
for an overall monthly volume increase of 547%. As well, over the last five
days, its shares have gained 21.27%, and 22.52% year to date.
Winpak Ltd. (TSX:
WPK): Winpakmanufactures and
distributes packaging materials and packaging machines. The company’s products
include health care packaging, rigid packaging, flexible packaging, packaging
machinery and parts, and flexible lidding. On April 6, 2015, its stock price
gained 3.20% to close at $42.20 and maintained a trading volume of 61,113. Trading
volume for the same date last month was 21,610, accounting for an overall monthly
volume change of 183%. As well, over the last five days, its shares have gained
5.10% and are currently 3.37% off of the 52-week high. Moreover, its stock has
outperformed the S&P TSX by 50.05% in the last year.
Dominion Midstream Partners, LP (NYSE:
DM): Dominion Midstreamis a
limited partnership. The company was formed to initially own the interests in
Dominion Cove Point LNG, LP, and a Delaware limited partnership (Cove Point),
which owns liquefied natural gas (LNG) import, storage, regasification and
transportation assets. On April 6, 2015, the company closed at $37.60 and
maintained a trading volume of 1,056,100. Trading volume for the same date last
month was 98,200, accounting for an overall monthly volume surge of 976%.
Disclaimer: This article was posted with
the permission of a third-party contributor and the opinions contained
therein do not necessarily reflect those of SmallCapPower. SmallCapPower
does not endorse any investment advice provided by these third-party contributors.
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