With a skid of 6.84%, Bevo Agro Inc. (CDX:BVO:CA) was one of the worst performing stocks amongst TSX Venture Exchange consumer goods companies on February 16. After closing the previous session at $1.17, shares of BVO:CA opened this morning at $1.09 and closed the day at $1.09. Throughout the day, about 9,890 shares changed hands, compared to an average 30-day volume of 10,613 for Bevo Agro Inc.. Shares moved as high as $1.15 and as low as $1.09 in today’s trading action.
The share depreciation gives the company a market capitalization of $30.04 million based upon 25.67 million shares outstanding.
In the past 52 weeks, shares of Bevo Agro Inc. have traded as low as $0.365 and as high as $1.38. Technical traders will take note that at $1.09, shares of BVO:CA are trading below their 50-day moving average (MA) at $1.096 and above their 200-day MA at above $0.805. 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 $Bevo Agro?
Bevo Agro Inc operates propagation greenhouse facilities in Milner, BC. Its products are the propagation of vegetable plants including tomatoes, peppers, cucumbers, bedding plants, flowers and grasses. The company is led by its CEO Jack Benne from its headquarters at 7170 Glover Road.
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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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