In sliding 1.45%, Junex Inc. (CDX:JNX: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 $0.69, shares of JNX:CA opened this morning at $0.68 and closed the day at $0.68. Throughout the day, about 38,400 shares changed hands, compared to an average 30-day volume of 306,243 for Junex Inc.. Shares moved as high as $0.7 and as low as $0.67 in today’s trading action.
The share depreciation gives the company a market capitalization of $54.88 million based upon 79.54 million shares outstanding.
In the past 52 weeks, shares of Junex Inc. have traded as low as $0.27 and as high as $0.94. Technical traders will take note that at $0.68, shares of JNX:CA are trading above their 50-day moving average (MA) at $0.553 and above their 200-day MA at above $0.464. 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 $Junex Inc?
Junex Inc is engaged in oil and natural gas exploration and providing complementary activities such as selling natural brine and providing oil and gas well drilling services. The company is led by its CEO Peter K. Dorrins from its headquarters at 2795 Laurier Boulevard.
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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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