With an advance of 5.0%, Westcore Energy Ltd. (CDX:WTR:CA) was one of the best performing basic material stocks listed on the TSX Venture on January 13. After closing the previous session at $0.1, shares of WTR:CA opened this morning at $0.105 and closed the day at $0.105. Throughout the day, about 10,000 shares changed hands, compared to an average 30-day volume of 5,800 for Westcore Energy Ltd.. Shares moved as high as $0.105 and as low as $0.095 in today’s trading action.
The share appreciation gives the company a market capitalization of $2.87 million based upon 28.69 million shares outstanding.
In the past 52 weeks, shares of Westcore Energy Ltd. have traded as low as $0.05 and as high as $0.2. Technical traders will take note that at $0.105, shares of WTR:CA are trading above their 50-day moving average (MA) at $0.095 and above their 200-day MA at above $0.103. 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 $Westcore Egy?
Westcore Energy Ltd is engaged in the business of acquiring, exploring, and developing resource properties in Western Canada.The Company's assets consist of its working interests in the Riverside oil and gas field in south western Saskatchewan. The company is led by its CEO Paul Conroy from its headquarters at 224, 4th Avenue S.
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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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