In sliding 3.13%, Xiana Mining Inc. (CDX:XIA: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 $0.16, shares of XIA:CA opened this morning at $0.155 and closed the day at $0.155. Throughout the day, about 4,253 shares changed hands, compared to an average 30-day volume of 4,765 for Xiana Mining Inc.. Shares moved as high as $0.155 and as low as $0.155 in today’s trading action.
The share depreciation gives the company a market capitalization of $5.35 million based upon 33.47 million shares outstanding.
In the past 52 weeks, shares of Xiana Mining Inc. have traded as low as $0.025 and as high as $0.21. Technical traders will take note that at $0.155, shares of XIA:CA are trading above their 50-day moving average (MA) at $0.146 and above their 200-day MA at above $0.101. 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 $Xiana Mng?
Xiana Mining Inc is engaged in the acquisition, exploration and development of mineral properties. The Company is an exploration stage company. The company is led by its CEO Carlos Armando Ballon Barraza from its headquarters at No 507-837 West Hastings 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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