Home / Market Movers / American Vanadium Corp. (CDX:AVC:CA) Leads TSX Venture Basic Materials Laggards with Drop of 25.0% on January 13

American Vanadium Corp. (CDX:AVC:CA) Leads TSX Venture Basic Materials Laggards with Drop of 25.0% on January 13

In sliding 25.0%, American Vanadium Corp. (CDX:AVC:CA) was one of the worst performing stocks amongst TSX Venture Exchange-listed basic materials companies on January 13. After closing the previous session at $0.02, shares of AVC:CA opened this morning at $0.015 and closed the day at $0.015. Throughout the day, about 37,400 shares changed hands, compared to an average 30-day volume of 182,234 for American Vanadium Corp.. Shares moved as high as $0.02 and as low as $0.015 in today’s trading action.

The share depreciation gives the company a market capitalization of $1.39 million based upon 69.25 million shares outstanding.

In the past 52 weeks, shares of American Vanadium Corp. have traded as low as $0.005 and as high as $0.04. Technical traders will take note that at $0.015, shares of AVC:CA are trading above their 50-day moving average (MA) at $0.013 and below their 200-day MA at below $0.034. 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 $Amern Vanadi?

American Vanadium Corp is an energy storage company and the Master Sales Agent in North America for the CellCube vanadium flow energy storage system. The company is led by its CEO William J. Radvak from its headquarters at 800 West Pender Street.

For more information on Amern Vanadi 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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