With a skid of 4.55%, RYU Apparel Inc. (CDX:RYU:CA) was one of the worst performing stocks amongst TSX Venture Exchange consumer goods companies on February 16. After closing the previous session at $0.11, shares of RYU:CA opened this morning at $0.105 and closed the day at $0.105. Throughout the day, about 560,950 shares changed hands, compared to an average 30-day volume of 278,651 for RYU Apparel Inc.. Shares moved as high as $0.11 and as low as $0.105 in today’s trading action.
The share depreciation gives the company a market capitalization of $20.45 million based upon 185.87 million shares outstanding.
In the past 52 weeks, shares of RYU Apparel Inc. have traded as low as $0.095 and as high as $0.25. Technical traders will take note that at $0.105, shares of RYU:CA are trading below their 50-day moving average (MA) at $0.145 and below their 200-day MA at below $0.149. 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 $RYU Apparel?
RYU Apparel Inc is a performance training and fitness brand with origins in the movements and philosophy of martial artistry, created for the multisport athlete. It delivers style, comfort, durability, and function for its customers. The company is led by its CEO Marcello Leone from its headquarters at 1672 2nd Avenue West.
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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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