Home / Market Movers / Pearl River Holdings Limited (CDX:PRH:CA) Rises 8.11% on February 16, Paces TSX Venture Consumer Goods Sector

Pearl River Holdings Limited (CDX:PRH:CA) Rises 8.11% on February 16, Paces TSX Venture Consumer Goods Sector

With an advance of 8.11%, Pearl River Holdings Limited (CDX:PRH:CA) was one of the best performing consumer goods sector stocks listed on the TSX Venture on February 16. After closing the previous session at $0.37, shares of PRH:CA opened this morning at $0.4 and closed the day at $0.4. Throughout the day, about 6,000 shares changed hands, compared to an average 30-day volume of 5,063 for Pearl River Holdings Limited. Shares moved as high as $0.4 and as low as $0.38 in today’s trading action.

The share appreciation gives the company a market capitalization of $10.1 million based upon 27.31 million shares outstanding.

In the past 52 weeks, shares of Pearl River Holdings Limited have traded as low as $0.115 and as high as $0.38. Technical traders will take note that at $0.4, shares of PRH:CA are trading above their 50-day moving average (MA) at $0.268 and above their 200-day MA at above $0.238. 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 $Pearl River?

Pearl River Holdings Ltd is engaged in manufacturing and distribution of plastic products to customers in China, Australia and the United States. The company is led by its CEO George Lunick from its headquarters at 502, 383 Richmond Street.

For more information on Pearl River 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.

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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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