In sliding 1.85%, Apivio Systems Inc. (CDX:APV:CA) was one of the worst performing stocks in the miscellaneous sector of the TSX Venture Exchange on January 13. After closing the previous session at $0.27, shares of APV:CA opened this morning at $0.265 and closed the day at $0.265. Throughout the day, about 33,000 shares changed hands, compared to an average 30-day volume of 54,112 for Apivio Systems Inc.. Shares moved as high as $0.265 and as low as $0.25 in today’s trading action.
The share depreciation gives the company a market capitalization of $14.27 million based upon 52.84 million shares outstanding.
In the past 52 weeks, shares of Apivio Systems Inc. have traded as low as $0.23 and as high as $0.435. Technical traders will take note that at $0.265, shares of APV:CA are trading below their 50-day moving average (MA) at $0.267 and below their 200-day MA at below $0.298. 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 $Apivio Sys?
Apivio Systems Inc is a Canadian technology company, engaged in the design, development, manufacture and sale of communications equipment and software. The company is led by its CEO Rob Bakshi from its headquarters at 3751 Shell Road.
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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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