With an advance of 2.44%, CWC Energy Services Corp. (CDX:CWC:CA) was one of the best performing basic material stocks listed on the TSX Venture on January 13. After closing the previous session at $0.205, shares of CWC:CA opened this morning at $0.21 and closed the day at $0.21. Throughout the day, about 15,000 shares changed hands, compared to an average 30-day volume of 77,343 for CWC Energy Services Corp.. Shares moved as high as $0.21 and as low as $0.205 in today’s trading action.
The share appreciation gives the company a market capitalization of $80.33 million based upon 391.84 million shares outstanding.
In the past 52 weeks, shares of CWC Energy Services Corp. have traded as low as $0.085 and as high as $0.245. Technical traders will take note that at $0.21, shares of CWC:CA are trading above their 50-day moving average (MA) at $0.183 and above their 200-day MA at above $0.179. 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 $CWC Egy Svcs?
CWC Energy Services Corp is an oilfield services company providing drilling and production services to oil and gas exploration and development companies throughout the Western Canadian Sedimentary Basin. The company is led by its CEO Duncan T. Au from its headquarters at 255 – 5th Avenue SW.
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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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