Home / Market Movers / Macro Enterprises Inc. (CDX:MCR:CA) Advances 6.64% on February 16, Leads TSX Venture Basic Materials Sector

Macro Enterprises Inc. (CDX:MCR:CA) Advances 6.64% on February 16, Leads TSX Venture Basic Materials Sector

With an advance of 6.64%, Macro Enterprises Inc. (CDX:MCR:CA) was one of the best performing basic material stocks listed on the TSX Venture on February 16. After closing the previous session at $2.11, shares of MCR:CA opened this morning at $2.25 and closed the day at $2.25. Throughout the day, about 10,240 shares changed hands, compared to an average 30-day volume of 26,424 for Macro Enterprises Inc.. Shares moved as high as $2.26 and as low as $2.19 in today’s trading action.

The share appreciation gives the company a market capitalization of $63.85 million based upon 30.26 million shares outstanding.

In the past 52 weeks, shares of Macro Enterprises Inc. have traded as low as $1.32 and as high as $2.39. Technical traders will take note that at $2.25, shares of MCR:CA are trading above their 50-day moving average (MA) at $2.03 and above their 200-day MA at above $1.69. 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 $Macro Entprs?

Macro Enterprises Inc provides pipeline and facilities construction and maintenance services to companies in the oil and gas industry in Western Canada. Its project portfolio includes; Stonefell Project; Berland River B2; & Farrell Creek Project. The company is led by its CEO Frank Miles from its headquarters at 6807 – 100th Avenue.


For more information on Macro Entprs 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 Yangarra Resources Ltd. (TSX:YGR:CA) Fall 3.23% on March 24

In sliding 3.23%, Yangarra Resources Ltd. (TSX:YGR:CA) was one of the worst performing stocks in …