With an advance of 2.56%, Zimtu Capital Corp. (CDX:ZC:CA) was one of the best performing financial-sector stocks listed on the TSX Venture on January 13. After closing the previous session at $0.195, shares of ZC:CA opened this morning at $0.2 and closed the day at $0.2. Throughout the day, about 98,000 shares changed hands, compared to an average 30-day volume of 22,735 for Zimtu Capital Corp.. Shares moved as high as $0.2 and as low as $0.185 in today’s trading action.
The share appreciation gives the company a market capitalization of $3.0 million based upon 15.39 million shares outstanding.
In the past 52 weeks, shares of Zimtu Capital Corp. have traded as low as $0.12 and as high as $0.38. Technical traders will take note that at $0.2, shares of ZC:CA are trading above their 50-day moving average (MA) at $0.178 and below their 200-day MA at below $0.203. 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 $Zimtu Cap Co?
Zimtu Capital Corp is engaged in the investments in junior resource companies, mineral resource property acquisitions and dispositions, and the provision of management services. It also invests in stock, warrants and others. The company is led by its CEO David Hodge from its headquarters at 789 West Pender 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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