In sliding 10.0%, Victory Ventures Inc. (CDX:VVN:CA) was one of the worst performing stocks amongst TSX Venture Exchange-listed basic materials companies on January 13. After closing the previous session at $0.05, shares of VVN:CA opened this morning at $0.045 and closed the day at $0.045. Throughout the day, about 123,000 shares changed hands, compared to an average 30-day volume of 378,833 for Victory Ventures Inc.. Shares moved as high as $0.055 and as low as $0.045 in today’s trading action.
The share depreciation gives the company a market capitalization of $3.24 million based upon 64.71 million shares outstanding.
In the past 52 weeks, shares of Victory Ventures Inc. have traded as low as $0.015 and as high as $0.065. Technical traders will take note that at $0.045, shares of VVN:CA are trading above their 50-day moving average (MA) at $0.03 and above their 200-day MA at above $0.029. 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 $Victory Vens?
Victory Ventures Inc explores and develops mineral property. The company is led by its CEO from its headquarters at 2138 Nanton Avenue.
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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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