With an advance of 3.33%, Sirona Biochem Corp. (CDX:SBM:CA) was one of the best performing healthcare-sector stocks listed on the TSX Venture on February 16. After closing the previous session at $0.15, shares of SBM:CA opened this morning at $0.155 and closed the day at $0.155. Throughout the day, about 53,500 shares changed hands, compared to an average 30-day volume of 125,333 for Sirona Biochem Corp.. Shares moved as high as $0.155 and as low as $0.155 in today’s trading action.
The share appreciation gives the company a market capitalization of $24.78 million based upon 165.2 million shares outstanding.
In the past 52 weeks, shares of Sirona Biochem Corp. have traded as low as $0.135 and as high as $0.23. Technical traders will take note that at $0.155, shares of SBM:CA are trading below their 50-day moving average (MA) at $0.163 and below their 200-day MA at below $0.181. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move above them or holding over them is typically regarded as bullish.
Who is $Sirona Bioch?
Sirona Biochem Corp is a cosmetic ingredient and drug discovery company with a proprietary technology platform developed at its laboratory facility in France with a specialization in the stabilization of carbohydrate molecules. The company is led by its CEO Howard Verrico from its headquarters at 889 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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