Home / Market Movers / Fjordland Exploration Inc. (CDX:FEX:CA) Advances 12.5% on February 16, Leads TSX Venture Basic Materials Sector

Fjordland Exploration Inc. (CDX:FEX:CA) Advances 12.5% on February 16, Leads TSX Venture Basic Materials Sector

With an advance of 12.5%, Fjordland Exploration Inc. (CDX:FEX:CA) was one of the best performing basic material stocks listed on the TSX Venture on February 16. After closing the previous session at $0.04, shares of FEX:CA opened this morning at $0.045 and closed the day at $0.045. Throughout the day, about 219,000 shares changed hands, compared to an average 30-day volume of 60,884 for Fjordland Exploration Inc.. Shares moved as high as $0.045 and as low as $0.045 in today’s trading action.

The share appreciation gives the company a market capitalization of $4.15 million based upon 103.78 million shares outstanding.

In the past 52 weeks, shares of Fjordland Exploration Inc. have traded as low as $0.01 and as high as $0.165. Technical traders will take note that at $0.045, shares of FEX:CA are trading below their 50-day moving average (MA) at $0.048 and below their 200-day MA at below $0.069. 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 $Fjordland Ex?

Fjordland Exploration Inc is engaged in exploring its mineral properties and has not yet determined whether these properties contain ore reserves that are economically recoverable. The company is led by its CEO Richard Atkinson from its headquarters at 1111 Melville 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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