Doxa Energy Ltd. (CDX:DXA:CA) Advances 100.0% on January 3, Leads TSX Venture Basic Materials Sector

With an advance of 100.0%, Doxa Energy Ltd. (CDX:DXA:CA) was one of the best performing basic material stocks listed on the TSX Venture on January 3. After closing the previous session at $0.01, shares of DXA:CA opened this morning at $0.02 and closed the day at $0.02. Throughout the day, about 83,000 shares changed hands, compared to an average 30-day volume of 11,150 for Doxa Energy Ltd.. Shares moved as high as $0.02 and as low as $0.02 in today’s trading action.

The share appreciation gives the company a market capitalization of $339,801 based upon 33.98 million shares outstanding.

In the past 52 weeks, shares of Doxa Energy Ltd. have traded as low as $0.005 and as high as $0.025. Technical traders will take note that at $0.02, shares of DXA:CA are trading above their 50-day moving average (MA) at $0.012 and above their 200-day MA at above $0.013. 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 $Doxa Egy Ltd?

Doxa Energy Ltd is an oil & gas Company. It is engaged in the acquisition, exploration and development of oil and gas properties, in south Texas, USA. Its projects include Eagle Ford Shale Projects, Sarco Creek Project, and Mississippian Lime Play. The company is led by its CEO John Harvison from its headquarters at 2080 – 777 Hornby Street.

For more information on Doxa Egy Ltd and other companies trading on the TSX Venture Exchange, as well as other Canadian and American stock exchanges, or to be considered for contributing content for our distribution network, visit FinancialPress.com today.

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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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