With an advance of 6.52%, Nomad Ventures Inc. (CDX:NMD:CA) was one of the best performing basic material stocks listed on the TSX Venture on January 13. After closing the previous session at $0.23, shares of NMD:CA opened this morning at $0.245 and closed the day at $0.245. Throughout the day, about 650 shares changed hands, compared to an average 30-day volume of 15,857 for Nomad Ventures Inc.. Shares moved as high as $0.245 and as low as $0.245 in today’s trading action.
The share appreciation gives the company a market capitalization of $1.91 million based upon 8.32 million shares outstanding.
In the past 52 weeks, shares of Nomad Ventures Inc. have traded as low as $0.1 and as high as $0.4. Technical traders will take note that at $0.245, shares of NMD:CA are trading above their 50-day moving average (MA) at $0.199 and above their 200-day MA at above $0.147. 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 $Nomad Vens I?
Nomad Ventures Inc is in the process of exploring its resource properties. The company is led by its CEO Geoff Balderson from its headquarters at 555 Burard Street.
For more information on Nomad Vens I and other companies trading on the TSX Venture Exchange, as well as other Canadian and American stock exchanges, or to be considered for contributing content for our distribution network, visit FinancialPress.com today.
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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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