In sliding 2.86%, DiaMedica Therapeutics Inc. (CDX:DMA:CA) was one of the worst performing stocks in the healthcare sector of the TSX Venture Exchange on January 13. After closing the previous session at $0.175, shares of DMA:CA opened this morning at $0.17 and closed the day at $0.17. Throughout the day, about 160,300 shares changed hands, compared to an average 30-day volume of 85,466 for DiaMedica Therapeutics Inc.. Shares moved as high as $0.175 and as low as $0.17 in today’s trading action.
The share depreciation gives the company a market capitalization of $19.34 million based upon 110.51 million shares outstanding.
In the past 52 weeks, shares of DiaMedica Therapeutics Inc. have traded as low as $0.135 and as high as $0.35. Technical traders will take note that at $0.17, shares of DMA:CA are trading below their 50-day moving average (MA) at $0.184 and below their 200-day MA at below $0.22. 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 $DiaMedica In?
DiaMedica Therapeutics Inc is a development stage biopharmaceutical company. The Company is engaged in the discovery and development of novel approaches to treat unmet diseases. The company is led by its CEO Rick Pauls from its headquarters at Two Carlson Parkway.
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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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