In sliding 2.0%, biOasis Technologies Inc. (CDX:BTI: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 $1.0, shares of BTI:CA opened this morning at $0.98 and closed the day at $0.98. Throughout the day, about 43,300 shares changed hands, compared to an average 30-day volume of 38,100 for biOasis Technologies Inc.. Shares moved as high as $1.05 and as low as $0.98 in today’s trading action.
The share depreciation gives the company a market capitalization of $45.65 million based upon 45.65 million shares outstanding.
In the past 52 weeks, shares of biOasis Technologies Inc. have traded as low as $0.96 and as high as $2.05. Technical traders will take note that at $0.98, shares of BTI:CA are trading below their 50-day moving average (MA) at $1.099 and below their 200-day MA at below $1.353. 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 $biOasis Tec?
biOasis Technologies Inc is a biopharmaceutical company focused on the delivery of therapeutics across the blood-brain barrier and into the brain tissue. Its focus is to address unmet medical needs with its proprietary Transcend Platform. The company is led by its CEO Robin Hutchison from its headquarters at 125-10551 Shellbridge Way.
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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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