Junex Inc. (CDX:JNX:CA) Advances 6.9% on December 16, Leads TSX Venture Basic Materials Sector
With an advance of 6.9%, Junex Inc. (CDX:JNX:CA) was one of the best performing basic material stocks listed on the TSX Venture on December 16. After closing the previous session at $0.58, shares of JNX:CA opened this morning at $0.62 and closed the day at $0.62. Throughout the day, about 131,888 shares changed hands, compared to an average 30-day volume of 216,005 for Junex Inc.. Shares moved as high as $0.62 and as low as $0.55 in today’s trading action.
The share appreciation gives the company a market capitalization of $46.13 million based upon 79.54 million shares outstanding.
In the past 52 weeks, shares of Junex Inc. have traded as low as $0.27 and as high as $0.94. Technical traders will take note that at $0.62, shares of JNX:CA are trading above their 50-day moving average (MA) at $0.472 and above their 200-day MA at above $0.447. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move above them or holding over them is typically regarded as bullish.
Who is $Junex Inc?
Junex Inc is engaged in oil and natural gas exploration and providing complementary activities such as selling natural brine and providing oil and gas well drilling services. The company is led by its CEO Peter K. Dorrins from its headquarters at 2795 Laurier Boulevard.
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About the TSX Venture Exchange
Owned and operated by the TMX Group, the TSX Venture Exchange is a public venture capital marketplace for emerging companies. It is headquartered in Calgary, Alberta, Canada with offices in Toronto, Vancouver and Montreal. All trading on the exchange is done electronically. Originally established in 1999, the “Venture,” as it is often shortened, was previously known as the Canadian Venture Exchange, but renamed in 2001 subsequent to the TSX Group (now known as the TMX Group) purchasing it.
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Source: Financial Press News
(December 16, 2016 - 6:35 PM EST)
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