With an advance of 8.33%, Knick Exploration Inc. (CDX:KNX:CA) was one of the best performing basic material stocks listed on the TSX Venture on February 16. After closing the previous session at $0.06, shares of KNX:CA opened this morning at $0.065 and closed the day at $0.065. Throughout the day, about 413,250 shares changed hands, compared to an average 30-day volume of 275,302 for Knick Exploration Inc.. Shares moved as high as $0.065 and as low as $0.06 in today’s trading action.
The share appreciation gives the company a market capitalization of $6.67 million based upon 111.18 million shares outstanding.
In the past 52 weeks, shares of Knick Exploration Inc. have traded as low as $0.015 and as high as $0.11. Technical traders will take note that at $0.065, shares of KNX:CA are trading above their 50-day moving average (MA) at $0.06 and above their 200-day MA at above $0.056. 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 $Knick Expl?
Knick Exploration Inc is a mining and quarrying company. The company is led by its CEO Jacques Brunelle from its headquarters at 536-3rd Avenue.
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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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