In sliding 2.11%, Reko International Group Inc. (CDX:REK: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 $4.75, shares of REK:CA opened this morning at $4.65 and closed the day at $4.65. Throughout the day, about 6,900 shares changed hands, compared to an average 30-day volume of 3,537 for Reko International Group Inc.. Shares moved as high as $4.7 and as low as $4.65 in today’s trading action.
The share depreciation gives the company a market capitalization of $30.61 million based upon 6.44 million shares outstanding.
In the past 52 weeks, shares of Reko International Group Inc. have traded as low as $2.75 and as high as $5.65. Technical traders will take note that at $4.65, shares of REK:CA are trading above their 50-day moving average (MA) at $4.632 and above their 200-day MA at above $3.76. 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 $Reko Intl Gr?
Reko International Group Inc is engaged in selling of custom machining, factory automation and manufacturing moulds for the automotive sector. The company is led by its CEO Diane Reko from its headquarters at 469 Silver Creek Industrial Drive.
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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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