Books-A-Million (NASDAQ:BAMM) and Strategic Oil & Gas (TSXV:SOG) Lead the Top Sector Gainers

Books-A-Million Inc (NASDAQ: BAMM) and Strategic Oil & Gas Ltd (TSXV: SOG), lead the top small cap stock gainers for various sectors on both sides of the border, including one that saw its share price surge 50%.

Books-A-Million Inc (NASDAQ: BAMM), engaged in the business of retailing books, was the top performer in the U.S. consumer goods and services sector after skyrocketing 50.1% and closed at $2.52 Friday, while recording significant trading volumes of 550,206 shares. BAMM also breached all of its key technical resistance levels of 30-Day, 50-Day and 200-Day DMAs at $1.73, $1.75 and $1.93 respectively. The stock’s price rise came after the recent announcement made by BAMM about its acquisition, wherein it has received a receipt of a non-binding proposal from Clyde B. Anderson, Executive Chairman of the company, on behalf of the Anderson family, to acquire certain outstanding shares of the common stock of Books-A-Million, Inc., at a cash purchase price of $2.75 per share. During the past 5-trading sessions, BAMM gained 50.0% with daily average trading volumes of 115,760 shares, while the stock accumulated 49.1% gain during the past one month with daily average trading volumes of 38,121 shares. The stock is up 43.2% year-to-date.

1-Year Price Chart

Top Canadian Gainer

Strategic Oil & Gas Ltd (TSXV: SOG), engaged in the exploration and development of petroleum and natural gas reserves in Western Canada, was the top sector gainer after gaining 34.6% and closed at C$0.18 Friday, while recording significant trading volumes of 412,450 shares. During the past 5-trading sessions, SOG fell by 2.8% with daily average trading volumes of 321,336 shares, while the stock tumbled 10.3% during the past one month with daily average trading volumes of 235,186 shares.

1-Year Price Chart