Small Cap Segment Leads Market with Strong Returns and Positive Sentiment
The small cap segment of the market has been a top performer today, with Energy Fuels, Inc. leading the pack with a return of 59.88%. This is a significant increase compared to the worst performer, Foran Mining Corp., which has seen a return of -16.36%. This shows that the small cap segment is experiencing a lot of volatility, with some stocks seeing significant gains while others are struggling.
Looking at the advance decline ratio of the stocks in this small cap segment, it is clear that there is a positive sentiment in the market. Out of the 138 stocks, 98 are advancing while only 40 are declining, resulting in a ratio of 2.45x. This indicates that the majority of stocks in this segment are performing well and investors are optimistic about their future prospects.
In terms of technical calls, there have been some recent changes in the small cap index. BSR Real Estate Investment Trust, Jamieson Wellness, Inc., Birchcliff Energy Ltd., Centerra Gold, Inc., and Headwater Exploration, Inc. have all seen a shift from bullish to mildly bullish or vice versa. This suggests that there is a lot of movement and potential opportunities in this segment for investors.
Overall, the small cap segment is driving the market today with its strong performance and positive sentiment. Investors should keep a close eye on the technical calls and continue to monitor the volatility in this segment for potential opportunities.