With an advance of 3.85%, VersaPay Corporation (CDX:VPY:CA) was one of the best performing financial-sector stocks listed on the TSX Venture on January 13. After closing the previous session at $1.3, shares of VPY:CA opened this morning at $1.35 and closed the day at $1.35. Throughout the day, about 428,900 shares changed hands, compared to an average 30-day volume of 58,196 for VersaPay Corporation. Shares moved as high as $1.35 and as low as $1.25 in today’s trading action.
The share appreciation gives the company a market capitalization of $39.64 million based upon 30.49 million shares outstanding.
In the past 52 weeks, shares of VersaPay Corporation have traded as low as $0.98 and as high as $1.4. Technical traders will take note that at $1.35, shares of VPY:CA are trading above their 50-day moving average (MA) at $1.228 and above their 200-day MA at above $1.15. 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 $VersaPay Cor?
VersaPay Corp is a financial technology company that provides cloud accounts receivable automation software and payment solutions for businesses. The company is led by its CEO Craig O¿Neill from its headquarters at 214 King Street West.
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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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