Wescan Energy Corp. (CDX:WCE:CA) Advances 40.0% on December 21, Leads TSX Venture Basic Materials Sector
With an advance of 40.0%, Wescan Energy Corp. (CDX:WCE:CA) was one of the best performing basic material stocks listed on the TSX Venture on December 21. After closing the previous session at $0.025, shares of WCE:CA opened this morning at $0.035 and closed the day at $0.035. Throughout the day, about 100,005 shares changed hands, compared to an average 30-day volume of 169,393 for Wescan Energy Corp.. Shares moved as high as $0.035 and as low as $0.035 in today’s trading action.
The share appreciation gives the company a market capitalization of $543,849 based upon 21.75 million shares outstanding.
In the past 52 weeks, shares of Wescan Energy Corp. have traded as low as $0.01 and as high as $0.08. Technical traders will take note that at $0.035, shares of WCE:CA are trading above their 50-day moving average (MA) at $0.026 and above their 200-day MA at above $0.028. 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 $Wescan Egy C?
Wescan Energy Corp is a junior public resource company. It is engaged in oil & gas exploration and development with oil & gas operations and property interests in Alberta, Canada and Texas, USA. The company is led by its CEO Greg T. Busby from its headquarters at 520-5th Avenue S.W..
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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 21, 2016 - 9:25 PM EST)
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