In sliding 5.26%, FLYHT Aerospace Solutions Ltd. (CDX:FLY:CA) was one of the worst performing stocks amongst TSX Venture Exchange-listed industrial goods companies on January 13. After closing the previous session at $0.285, shares of FLY:CA opened this morning at $0.27 and closed the day at $0.27. Throughout the day, about 532,781 shares changed hands, compared to an average 30-day volume of 706,710 for FLYHT Aerospace Solutions Ltd.. Shares moved as high as $0.285 and as low as $0.265 in today’s trading action.
The share depreciation gives the company a market capitalization of $57.06 million based upon 200.22 million shares outstanding.
In the past 52 weeks, shares of FLYHT Aerospace Solutions Ltd. have traded as low as $0.15 and as high as $0.3. Technical traders will take note that at $0.27, shares of FLY:CA are trading above their 50-day moving average (MA) at $0.213 and above their 200-day MA at above $0.193. 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 $FLYHT Aerosp?
FLYHT Aerospace Solutions Ltd is a designer, developer and service provider to the aerospace industry. The Company supports aviation customers in different sectors including commercial, business, leasing and military operators. The company is led by its CEO Thomas R. Schmutz from its headquarters at 1144 – 29th Avenue North East.
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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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