With an advance of 26.92%, Clearford Water Systems Inc. (CDX:CLI:CA) was one of the best performing industrial goods sector stocks listed on the TSX Venture on February 16. After closing the previous session at $0.13, shares of CLI:CA opened this morning at $0.165 and closed the day at $0.165. Throughout the day, about 185,000 shares changed hands, compared to an average 30-day volume of 27,311 for Clearford Water Systems Inc.. Shares moved as high as $0.165 and as low as $0.13 in today’s trading action.
The share appreciation gives the company a market capitalization of $11.38 million based upon 87.54 million shares outstanding.
In the past 52 weeks, shares of Clearford Water Systems Inc. have traded as low as $0.075 and as high as $0.3. Technical traders will take note that at $0.165, shares of CLI:CA are trading above their 50-day moving average (MA) at $0.106 and above their 200-day MA at above $0.16. 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 $Clearford Wa?
Clearford Water Systems Inc provides unified water management and sanitation systems. The Company develops Clearford One system which is a combination of the ClearDigest Smart Digester, and SBS ClearConvey. The company is led by its CEO from its headquarters at 515 Legget Drive.
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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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