With an advance of 6.12%, Zecotek Photonics Inc. (CDX:ZMS:CA) was one of the best performing healthcare-sector stocks listed on the TSX Venture on January 13. After closing the previous session at $0.245, shares of ZMS:CA opened this morning at $0.26 and closed the day at $0.26. Throughout the day, about 34,500 shares changed hands, compared to an average 30-day volume of 138,364 for Zecotek Photonics Inc.. Shares moved as high as $0.26 and as low as $0.25 in today’s trading action.
The share appreciation gives the company a market capitalization of $32.27 million based upon 131.73 million shares outstanding.
In the past 52 weeks, shares of Zecotek Photonics Inc. have traded as low as $0.23 and as high as $0.35. Technical traders will take note that at $0.26, shares of ZMS:CA are trading below their 50-day moving average (MA) at $0.266 and below their 200-day MA at below $0.279. 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 $Zecotek Phot?
Zecotek Photonics Inc is engaged in the creation of materials and integrated optoelectronic devices for medical imaging, optical precision surgery and biopharmaceutical research. The company is led by its CEO A. Zerrouk from its headquarters at Unit 1120 – 21331 Gordon Way.
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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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