In sliding 7.14%, Saint Jean Carbon Inc. (CDX:SJL: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 $0.07, shares of SJL:CA opened this morning at $0.065 and closed the day at $0.065. Throughout the day, about 346,000 shares changed hands, compared to an average 30-day volume of 770,592 for Saint Jean Carbon Inc.. Shares moved as high as $0.07 and as low as $0.065 in today’s trading action.
The share depreciation gives the company a market capitalization of $12.28 million based upon 175.41 million shares outstanding.
In the past 52 weeks, shares of Saint Jean Carbon Inc. have traded as low as $0.025 and as high as $0.085. Technical traders will take note that at $0.065, shares of SJL:CA are trading above their 50-day moving average (MA) at $0.064 and above their 200-day MA at above $0.046. 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 $Saint Jean C?
Saint Jean Carbon Inc is engaged in the exploration of the mineral properties. Its properties include Graphite properties, Whabouchi Lithium project, Highrock Island Main Vein, and among others. The company is led by its CEO Paul Ogilvie from its headquarters at 888 – 3rd Street S.W.
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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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