Home / Market Movers / Encanto Potash Corp. (CDX:EPO:CA) Leads TSX Venture Basic Materials Laggards with Drop of 5.26% on January 13

Encanto Potash Corp. (CDX:EPO:CA) Leads TSX Venture Basic Materials Laggards with Drop of 5.26% on January 13

In sliding 5.26%, Encanto Potash Corp. (CDX:EPO: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 $0.095, shares of EPO:CA opened this morning at $0.09 and closed the day at $0.09. Throughout the day, about 291,000 shares changed hands, compared to an average 30-day volume of 937,564 for Encanto Potash Corp.. Shares moved as high as $0.095 and as low as $0.09 in today’s trading action.

The share depreciation gives the company a market capitalization of $41.88 million based upon 440.82 million shares outstanding.

In the past 52 weeks, shares of Encanto Potash Corp. have traded as low as $0.055 and as high as $0.18. Technical traders will take note that at $0.09, shares of EPO:CA are trading above their 50-day moving average (MA) at $0.075 and above their 200-day MA at above $0.089. 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 $Encanto Pota?

Encanto Potash Corp is an exploration and development company focused on potash properties in the Province of Saskatchewan. It is engaged in development of potash mineral deposits located on the Muskowekwan First Nation reserve lands. The company is led by its CEO Norman E. Brewster from its headquarters at 800 West Pender 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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