Home / Market Movers / Luxor Industrial Corporation (CDX:LRL:CA) Adds 11.11% on January 13 to Lead TSX Venture Industrial Goods Sector

Luxor Industrial Corporation (CDX:LRL:CA) Adds 11.11% on January 13 to Lead TSX Venture Industrial Goods Sector

With an advance of 11.11%, Luxor Industrial Corporation (CDX:LRL: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 $0.09, shares of LRL:CA opened this morning at $0.1 and closed the day at $0.1. Throughout the day, about 180,300 shares changed hands, compared to an average 30-day volume of 231,203 for Luxor Industrial Corporation. Shares moved as high as $0.105 and as low as $0.1 in today’s trading action.

The share appreciation gives the company a market capitalization of $4.68 million based upon 51.98 million shares outstanding.

In the past 52 weeks, shares of Luxor Industrial Corporation have traded as low as $0.09 and as high as $0.4. Technical traders will take note that at $0.1, shares of LRL:CA are trading below their 50-day moving average (MA) at $0.209 and below their 200-day MA at below $0.271. 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 $Luxor Indl?

Luxor Industrial Corp through its subsidiary manufactures and sells wooden building components including an engineered bridging system and architectural wood products, and engages in a stock glulam beam distribution program. The company is led by its CEO Terry Lashman from its headquarters at 889 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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