Torchlight Energy Resources (NASDAQ:TRCH) and Kootenay Silver (TSXV:KTN) Lead the Top Sector Gainers

Torchlight Energy Resources Inc (NASDAQ: TRCH) and Kootenay Silver Inc (TSXV: KTN), lead the top small cap stock gainers for various sectors on both sides of the border, including one that saw its share price surge 73%.

Top U.S. Gainer

Torchlight Energy Resources Inc (NASDAQ: TRCH), engaged in the exploration and production of oil and gas, was the top performer in the U.S. energy sector after skyrocketing 72.8% and closed at $0.69 Friday, while recording significant trading volumes of 377,515 shares. Recently, TRCH has entered into an agreement for up to $40 million of senior secured debt funding from a group of institutional lenders. During the past 5-trading sessions, TRCH gained 38.0% with daily average trading volumes of 193,021 shares, while the stock fell by 29.6% during the past one month with daily average trading volumes of 241,001 shares.

1-Year Price Chart

Top Canadian Gainer

Kootenay Silver Inc (TSXV: KTN), engaged in the acquisition and exploration of mineral properties, was the top sector gainer after gaining 23.5% and closed at C$0.42 Friday, while recording significant trading volumes of 230,400 shares. KTN has also breached its key technical resistance levels of 30-Day and 50-Day DMAs at C$0.34 & C$0.36 respectively. Recently, KTN announced that camp upgrades and drill targets are being finalized and work crews are being mobilized for an upcoming Phase II drill program on its Promontorio La Negra Silver discovery in Sonora, Mexico. During the past 5-trading sessions, KTN gained 23.5% with daily average trading volumes of 152,580 shares, while the stock accumulated 29.2% gain during the past one month with daily average trading volumes of 63,673 shares. The stock is up 20.0% year-to-date.

1-Year Price Chart