With an advance of 12.5%, Rockefeller Hughes Corporation (CDX:RHC:CA) was one of the best performing basic material stocks listed on the TSX Venture on February 16. After closing the previous session at $0.04, shares of RHC:CA opened this morning at $0.045 and closed the day at $0.045. Throughout the day, about 6,000 shares changed hands, compared to an average 30-day volume of 3,767 for Rockefeller Hughes Corporation. Shares moved as high as $0.045 and as low as $0.045 in today’s trading action.
The share appreciation gives the company a market capitalization of $3.01 million based upon 75.22 million shares outstanding.
In the past 52 weeks, shares of Rockefeller Hughes Corporation have traded as low as $0.02 and as high as $0.095. Technical traders will take note that at $0.045, shares of RHC:CA are trading above their 50-day moving average (MA) at $0.038 and above their 200-day MA at above $0.034. 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 $Rockefeller?
Rockefeller Hughes Corp is engaged in the acquisition, exploration, development and production of oil and gas reserves in North America. The company is led by its CEO from its headquarters at 67 Rebecca Court.
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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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