Home / Market Movers / Covalon Technologies Ltd. (CDX:COV:CA) Logs Gain of 1.21% to Lead TSX Venture Healthcare Sector on February 16

Covalon Technologies Ltd. (CDX:COV:CA) Logs Gain of 1.21% to Lead TSX Venture Healthcare Sector on February 16

With an advance of 1.21%, Covalon Technologies Ltd. (CDX:COV:CA) was one of the best performing healthcare-sector stocks listed on the TSX Venture on February 16. After closing the previous session at $2.47, shares of COV:CA opened this morning at $2.5 and closed the day at $2.5. Throughout the day, about 28,100 shares changed hands, compared to an average 30-day volume of 14,845 for Covalon Technologies Ltd.. Shares moved as high as $2.6 and as low as $2.46 in today’s trading action.

The share appreciation gives the company a market capitalization of $47.85 million based upon 19.37 million shares outstanding.

In the past 52 weeks, shares of Covalon Technologies Ltd. have traded as low as $0.72 and as high as $2.85. Technical traders will take note that at $2.5, shares of COV:CA are trading above their 50-day moving average (MA) at $2.032 and above their 200-day MA at above $1.763. 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 $Covalon Tec?

Covalon Technologies Ltd is engaged in the business of developing, licensing, and selling medical technologies. The Company generates its revenues through development contracts, licensing agreements, and distribution contracts and sales. The company is led by its CEO Brian E. Pedlar from its headquarters at 1660 Tech Avenue.


For more information on Covalon Tec 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.

All data provided by QuoteMedia, with stock data accurate as of 4:00 PM ET. FinancialPress.com is not responsible for inaccuracies in third-party supplied information.

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.

About FinancialPress.com

FinancialPress.com is a leading publisher of market and investment news, commentary, proprietary research and videos from seasoned journalists, analysts and contributors covering the financial markets and global economies. Leveraging our extensive distribution network and social media presence, we have cultivated a valuable audience of engaged market enthusiasts, which in turn delivers a variety of unique opportunities for industry partnerships, corporate communications, market exposure and investment. A complete disclaimer can be viewed here. If you like this article, you can read more at FinancialPress.com

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of FinancialPress.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://financialpress.com/legal-disclaimer/.

Check Also

Shares of TSX Venture Miscellaneous Company Zephyr Minerals Ltd. (CDX:ZFR:CA) Fall 5.71% on February 24

In sliding 5.71%, Zephyr Minerals Ltd. (CDX:ZFR:CA) was one of the worst performing stocks in …