Home / Market Movers / NatureBank Asset Management Inc. (CDX:COO:CA) Falls 36.36% on February 16, Pacing TSX Venture Industrial Goods Laggards

NatureBank Asset Management Inc. (CDX:COO:CA) Falls 36.36% on February 16, Pacing TSX Venture Industrial Goods Laggards

In sliding 36.36%, NatureBank Asset Management Inc. (CDX:COO:CA) was one of the worst performing stocks amongst TSX Venture Exchange-listed industrial goods companies on February 16. After closing the previous session at $0.055, shares of COO:CA opened this morning at $0.035 and closed the day at $0.035. Throughout the day, about 58,000 shares changed hands, compared to an average 30-day volume of 2,753 for NatureBank Asset Management Inc.. Shares moved as high as $0.05 and as low as $0.035 in today’s trading action.

The share depreciation gives the company a market capitalization of $2.88 million based upon 52.43 million shares outstanding.

In the past 52 weeks, shares of NatureBank Asset Management Inc. have traded as low as $0.025 and as high as $0.1. Technical traders will take note that at $0.035, shares of COO:CA are trading below their 50-day moving average (MA) at $0.047 and below their 200-day MA at below $0.058. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move beneath or holding under them is typically regarded as bearish.

Who is $Offsetters C?

NatureBank Asset Management Inc is engaged in sourcing, financing, development, and commercialization of sustainable commodities across the agro-forestry and carbon sectors. The company is led by its CEO James Tansey from its headquarters at 675 West Hastings 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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