With an advance of 6.45%, Patient Home Monitoring Corp. (CDX:PHM:CA) was one of the best performing healthcare-sector stocks listed on the TSX Venture on January 13. After closing the previous session at $0.155, shares of PHM:CA opened this morning at $0.165 and closed the day at $0.165. Throughout the day, about 1.39 million shares changed hands, compared to an average 30-day volume of 900,952 for Patient Home Monitoring Corp.. Shares moved as high as $0.17 and as low as $0.155 in today’s trading action.
The share appreciation gives the company a market capitalization of $58.19 million based upon 375.4 million shares outstanding.
In the past 52 weeks, shares of Patient Home Monitoring Corp. have traded as low as $0.13 and as high as $0.63. Technical traders will take note that at $0.165, shares of PHM:CA are trading above their 50-day moving average (MA) at $0.15 and below their 200-day MA at below $0.203. 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 $Patient Home?
Patient Home Monitoring Corp provides in-home monitoring equipment, supplies and services to its patients in the United States. The company is led by its CEO Casey Hoyt from its headquarters at 14724 Ventura 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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