Home / Market Movers / Zenyatta Ventures Ltd. (CDX:ZEN:CA) Leads TSX Venture Basic Materials Laggards with Drop of 3.81% on January 13

Zenyatta Ventures Ltd. (CDX:ZEN:CA) Leads TSX Venture Basic Materials Laggards with Drop of 3.81% on January 13

In sliding 3.81%, Zenyatta Ventures Ltd. (CDX:ZEN: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 $1.05, shares of ZEN:CA opened this morning at $1.01 and closed the day at $1.01. Throughout the day, about 17,675 shares changed hands, compared to an average 30-day volume of 36,230 for Zenyatta Ventures Ltd.. Shares moved as high as $1.05 and as low as $1.0 in today’s trading action.

The share depreciation gives the company a market capitalization of $63.48 million based upon 60.46 million shares outstanding.

In the past 52 weeks, shares of Zenyatta Ventures Ltd. have traded as low as $0.63 and as high as $1.55. Technical traders will take note that at $1.01, shares of ZEN:CA are trading above their 50-day moving average (MA) at $0.972 and above their 200-day MA at above $0.9. 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 $Zenyatta Ven?

Zenyatta Ventures Ltd is a mineral development company. The Company is engaged in developing Graphite deposit and exploring for base metal deposits on the Albany Project in Northeastern Ontario. The company is led by its CEO Aubrey Eveleigh from its headquarters at 1224 Amber Drive.

For more information on Zenyatta Ven 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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