With an advance of 13.64%, IBEX Technologies Inc. (CDX:IBT:CA) was one of the best performing healthcare-sector stocks listed on the TSX Venture on January 13. After closing the previous session at $0.11, shares of IBT:CA opened this morning at $0.125 and closed the day at $0.125. Throughout the day, about 1,500 shares changed hands, compared to an average 30-day volume of 5,213 for IBEX Technologies Inc.. Shares moved as high as $0.125 and as low as $0.125 in today’s trading action.
The share appreciation gives the company a market capitalization of $2.72 million based upon 24.7 million shares outstanding.
In the past 52 weeks, shares of IBEX Technologies Inc. have traded as low as $0.08 and as high as $0.175. Technical traders will take note that at $0.125, shares of IBT:CA are trading above their 50-day moving average (MA) at $0.103 and above their 200-day MA at above $0.121. 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 $IBEX Techs?
Ibex Technologies Inc through its subsidiaries manufactures and markets enzymes for biomedical use. The Company also manufactures and markets a series of arthritis assays used in osteoarthritis research. The company is led by its CEO Paul Baehr from its headquarters at 5485 Pare 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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