Home / Market Movers / Shares of TSX Venture Healthcare Company NexgenRx Inc. (CDX:NXG:CA) Falter 10.87% on January 13

Shares of TSX Venture Healthcare Company NexgenRx Inc. (CDX:NXG:CA) Falter 10.87% on January 13

In sliding 10.87%, NexgenRx Inc. (CDX:NXG: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 $0.23, shares of NXG:CA opened this morning at $0.205 and closed the day at $0.205. Throughout the day, about 41,000 shares changed hands, compared to an average 30-day volume of 10,643 for NexgenRx Inc.. Shares moved as high as $0.23 and as low as $0.205 in today’s trading action.

The share depreciation gives the company a market capitalization of $13.79 million based upon 59.97 million shares outstanding.

In the past 52 weeks, shares of NexgenRx Inc. have traded as low as $0.145 and as high as $0.26. Technical traders will take note that at $0.205, shares of NXG:CA are trading below their 50-day moving average (MA) at $0.207 and above their 200-day MA at above $0.175. 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 $NexgenRx Inc?

NexgenRx Inc administers, adjudicates and pays drug, dental and other extended health-care claims for the beneficiaries of health benefit plans underwritten by its customers using proprietary computer software. The company is led by its CEO Ronald Loucks from its headquarters at 185 The West Mall.


For more information on NexgenRx Inc 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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