With an advance of 1.75%, Sernova Corp. (CDX:SVA:CA) was one of the best performing healthcare-sector stocks listed on the TSX Venture on January 13. After closing the previous session at $0.285, shares of SVA:CA opened this morning at $0.29 and closed the day at $0.29. Throughout the day, about 117,500 shares changed hands, compared to an average 30-day volume of 131,493 for Sernova Corp.. Shares moved as high as $0.29 and as low as $0.27 in today’s trading action.
The share appreciation gives the company a market capitalization of $44.65 million based upon 156.68 million shares outstanding.
In the past 52 weeks, shares of Sernova Corp. have traded as low as $0.21 and as high as $0.4. Technical traders will take note that at $0.29, shares of SVA:CA are trading above their 50-day moving average (MA) at $0.261 and above their 200-day MA at above $0.289. 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 $Sernova Corp?
Sernova Corp is a regenerative medicine company engaged in the research and development of its proprietary Cell Pouch and associated technologies including therapeutic cells. It is involved in development of a commercially-viable treatment. The company is led by its CEO Philip M. Toleikis from its headquarters at The Stiller Centre.
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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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