With a decline of 8.33%, Midpoint Holdings Ltd. (CDX:MPT:CA) was one of the worst performing conglomerate-sector stocks trading on the TSX Venture Exchange on January 13. After closing the previous session at $0.06, shares of MPT:CA opened this morning at $0.055 and closed the day at $0.055. Throughout the day, about 70,000 shares changed hands, compared to an average 30-day volume of 13,244 for Midpoint Holdings Ltd.. Shares moved as high as $0.06 and as low as $0.055 in today’s trading action.
The share depreciation gives the company a market capitalization of $4.46 million based upon 74.26 million shares outstanding.
In the past 52 weeks, shares of Midpoint Holdings Ltd. have traded as low as $0.03 and as high as $0.145. Technical traders will take note that at $0.055, shares of MPT:CA are trading above their 50-day moving average (MA) at $0.053 and below their 200-day MA at below $0.079. 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 $Midpoint Hld?
Midpoint Holdings Ltd is a capital pool company. The company is led by its CEO David Wong from its headquarters at 130 King Street West.
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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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