In sliding 2.17%, Oculus VisionTech Inc. (CDX:OVT: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 $0.23, shares of OVT:CA opened this morning at $0.225 and closed the day at $0.225. Throughout the day, about 19,006 shares changed hands, compared to an average 30-day volume of 58,488 for Oculus VisionTech Inc.. Shares moved as high as $0.25 and as low as $0.215 in today’s trading action.
The share depreciation gives the company a market capitalization of $10.48 million based upon 45.57 million shares outstanding.
In the past 52 weeks, shares of Oculus VisionTech Inc. have traded as low as $0.17 and as high as $1.14. Technical traders will take note that at $0.225, shares of OVT:CA are trading below their 50-day moving average (MA) at $0.236 and below their 200-day MA at below $0.372. 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 $Oculus Visio?
Oculus VisionTech Inc designs and markets to business customers digital watermarking, streaming video and video-on-demand systems, services and source-to-destination digital media delivery solutions. The company is led by its CEO Rowland Perkins from its headquarters at 837 West Hastings Street.
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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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