In sliding 8.57%, Napier Ventures Inc. (CDX:NAP: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 $0.35, shares of NAP:CA opened this morning at $0.32 and closed the day at $0.32. Throughout the day, about 33,500 shares changed hands, compared to an average 30-day volume of 4,133 for Napier Ventures Inc.. Shares moved as high as $0.32 and as low as $0.3 in today’s trading action.
The share depreciation gives the company a market capitalization of $8.01 million based upon 22.89 million shares outstanding.
In the past 52 weeks, shares of Napier Ventures Inc. have traded as low as $0.18 and as high as $0.35. Technical traders will take note that at $0.32, shares of NAP:CA are trading above their 50-day moving average (MA) at $0.319 and above their 200-day MA at above $0.29. 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 $Napier Vens?
Napier Ventures Inc is an exporation stage company. The Company is engaged in the process of acquisition, exploration, and development of mineral property interests in the United States. The company is led by its CEO Donald Scoretz from its headquarters at 789 West Pender 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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