In sliding 4.76%, Avivagen Inc. (CDX:VIV:CA) was one of the worst performing stocks in the healthcare sector of the TSX Venture Exchange on February 16. After closing the previous session at $0.105, shares of VIV:CA opened this morning at $0.1 and closed the day at $0.1. Throughout the day, about 883,700 shares changed hands, compared to an average 30-day volume of 340,745 for Avivagen Inc.. Shares moved as high as $0.105 and as low as $0.1 in today’s trading action.
The share depreciation gives the company a market capitalization of $30.52 million based upon 290.65 million shares outstanding.
In the past 52 weeks, shares of Avivagen Inc. have traded as low as $0.035 and as high as $0.215. Technical traders will take note that at $0.1, shares of VIV:CA are trading below their 50-day moving average (MA) at $0.122 and below their 200-day MA at below $0.123. 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 $Avivagen Inc?
Avivagen Inc is a life-sciences company. The Company is developing and commercializing products to replace antibiotics in livestock feeds to optimize the health and growth of the animals by supporting the animal's own health defences. The company is led by its CEO Cameron Groome from its headquarters at 100 Sussex 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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