Home / Market Movers / TSX Venture Financial Sector Pressured by NewNorth Projects Ltd. (CDX:NNP:CA) Shedding 2.56% on January 13

TSX Venture Financial Sector Pressured by NewNorth Projects Ltd. (CDX:NNP:CA) Shedding 2.56% on January 13

In sliding 2.56%, NewNorth Projects Ltd. (CDX:NNP:CA) was one of the worst performing stocks amongst TSX Venture Exchange-listed financial companies on January 13. After closing the previous session at $0.195, shares of NNP:CA opened this morning at $0.19 and closed the day at $0.19. Throughout the day, about 7,000 shares changed hands, compared to an average 30-day volume of 2,222 for NewNorth Projects Ltd.. Shares moved as high as $0.19 and as low as $0.19 in today’s trading action.

The share depreciation gives the company a market capitalization of $2.38 million based upon 12.19 million shares outstanding.

In the past 52 weeks, shares of NewNorth Projects Ltd. have traded as low as $0.15 and as high as $0.2. Technical traders will take note that at $0.19, shares of NNP:CA are trading above their 50-day moving average (MA) at $0.18 and above their 200-day MA at above $0.161. 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 $NewNth Proje?

NewNorth Projects Ltd is a real estate development company. The Company is engaged in land & property development including residential single family to multifamily developments in Alberta. The company is led by its CEO Gregory Herndier from its headquarters at 1935-32nd Avenue North East.

For more information on NewNth Proje 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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