With an advance of 5.56%, CKR Carbon Corporation (CDX:CKR:CA) was one of the best performing basic material stocks listed on the TSX Venture on February 16. After closing the previous session at $0.09, shares of CKR:CA opened this morning at $0.095 and closed the day at $0.095. Throughout the day, about 34,000 shares changed hands, compared to an average 30-day volume of 191,144 for CKR Carbon Corporation. Shares moved as high as $0.095 and as low as $0.09 in today’s trading action.
The share appreciation gives the company a market capitalization of $4.55 million based upon 50.53 million shares outstanding.
In the past 52 weeks, shares of CKR Carbon Corporation have traded as low as $0.06 and as high as $0.135. Technical traders will take note that at $0.095, shares of CKR:CA are trading below their 50-day moving average (MA) at $0.096 and above their 200-day MA at above $0.084. 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 $Caribou King?
CKR Carbon Corp is a company focused on advancing its portfolio of prospective graphite projects at various stages of development in Canada and Namibia. The company is led by its CEO Roger Moss from its headquarters at 789 West Pender Street.
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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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