Home / Market Movers / IWG Technologies Inc. (CDX:IWG:CA) Adds 1.19% on January 13 to Lead TSX Venture Industrial Goods Sector

IWG Technologies Inc. (CDX:IWG:CA) Adds 1.19% on January 13 to Lead TSX Venture Industrial Goods Sector

With an advance of 1.19%, IWG Technologies Inc. (CDX:IWG: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 $0.42, shares of IWG:CA opened this morning at $0.425 and closed the day at $0.425. Throughout the day, about 374,360 shares changed hands, compared to an average 30-day volume of 278,011 for IWG Technologies Inc.. Shares moved as high as $0.425 and as low as $0.425 in today’s trading action.

The share appreciation gives the company a market capitalization of $16.16 million based upon 38.49 million shares outstanding.

In the past 52 weeks, shares of IWG Technologies Inc. have traded as low as $0.27 and as high as $0.425. Technical traders will take note that at $0.425, shares of IWG:CA are trading above their 50-day moving average (MA) at $0.38 and above their 200-day MA at above $0.341. 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 $IWG Techs?

IWG Technologies Inc through its subsidiary is engaged in developing, manufacturing and selling aircraft water treatment equipment, on-demand water heaters and water systems. The company is led by its CEO Bruce Gowan from its headquarters at 3771 North Fraser Way.


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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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