Fjordland Exploration Inc. (CDX:FEX:CA) is amongst the weakest basic materials stocks listed on the TSX Venture Exchange through noon on September 22, with a fall of 11.11%. After closing the previous session at $0.09, shares of FEX:CA opened this morning at $0.08 and are currently trading at $0.08. At the lunch break, about 284,300 shares have changed hands, compared to an average 30-day volume of 410,190 for Fjordland Exploration Inc.. Shares moved as high as $0.09 and as low as $0.08 in today’s morning action.
The share depreciation gives the company a market capitalization of $9.11 million based upon 101.26 million shares outstanding.
In the past 52 weeks, shares of Fjordland Exploration Inc. have traded as low as $0.005 and as high as $0.165. Technical traders will take note that at $0.08, shares of FEX:CA are trading below their 50-day moving average (MA) at $0.108 and above their 200-day MA at above $0.052. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move beneath or holding under them is typically regarded as bearish.
Who is $Fjordland Ex?
Fjordland Exploration Inc is engaged in exploring its mineral properties and has not yet determined whether these properties contain ore reserves that are economically recoverable. The company is led by its CEO Richard Atkinson from its headquarters at 1111 Melville Street.
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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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