In sliding 5.88%, LED Medical Diagnostics Inc. (CDX:LMD:CA) was one of the worst performing stocks in the miscellaneous sector of the TSX Venture Exchange on February 16. After closing the previous session at $0.085, shares of LMD:CA opened this morning at $0.08 and closed the day at $0.08. Throughout the day, about 669,105 shares changed hands, compared to an average 30-day volume of 385,784 for LED Medical Diagnostics Inc.. Shares moved as high as $0.09 and as low as $0.08 in today’s trading action.
The share depreciation gives the company a market capitalization of $9.9 million based upon 116.43 million shares outstanding.
In the past 52 weeks, shares of LED Medical Diagnostics Inc. have traded as low as $0.055 and as high as $0.195. Technical traders will take note that at $0.08, shares of LMD:CA are trading above their 50-day moving average (MA) at $0.071 and below their 200-day MA at below $0.098. 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 $LED Medical?
LED Medical Diagnostics Inc provides dentists and oral health care specialists with a growing portfolio of diagnostic dental imaging products and software. The company is led by its CEO David Gane from its headquarters at 580 Hornby Street.
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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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