With an advance of 20.83%, Biorem Inc. (CDX:BRM:CA) was one of the best performing industrial goods sector stocks listed on the TSX Venture on January 13. After closing the previous session at $0.24, shares of BRM:CA opened this morning at $0.29 and closed the day at $0.29. Throughout the day, about 14,325 shares changed hands, compared to an average 30-day volume of 4,855 for Biorem Inc.. Shares moved as high as $0.29 and as low as $0.24 in today’s trading action.
The share appreciation gives the company a market capitalization of $8.57 million based upon 128.57 million shares outstanding.
In the past 52 weeks, shares of Biorem Inc. have traded as low as $0.22 and as high as $0.4. Technical traders will take note that at $0.29, shares of BRM:CA are trading above their 50-day moving average (MA) at $0.244 and above their 200-day MA at above $0.262. 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 $Biorem Inc?
This fund seeks to achieve a high real rate of return, comprising both income and capital growth, within risk parameters acceptable to the Directors and provide a portfolio of securities that allows investors access to a number of smaller companies through a single investment. The fund invests in Australian companies. The company is led by its CEO from its headquarters at "PO Box 33549, Takapuna".
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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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