With an advance of 1.45%, Terra Firma Capital Corporation (CDX:TII:CA) was one of the best performing financial-sector stocks listed on the TSX Venture on February 16. After closing the previous session at $0.69, shares of TII:CA opened this morning at $0.7 and closed the day at $0.7. Throughout the day, about 20,200 shares changed hands, compared to an average 30-day volume of 131,774 for Terra Firma Capital Corporation. Shares moved as high as $0.71 and as low as $0.7 in today’s trading action.
The share appreciation gives the company a market capitalization of $42.03 million based upon 60.92 million shares outstanding.
In the past 52 weeks, shares of Terra Firma Capital Corporation have traded as low as $0.5 and as high as $0.81. Technical traders will take note that at $0.7, shares of TII:CA are trading above their 50-day moving average (MA) at $0.689 and above their 200-day MA at above $0.603. 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 $Terra Firma?
Terra Firma Capital Corp is a real estate development company. It is engaged in providing real estate financings secured by investment properties and real estate developments throughout Canada and the United States. The company is led by its CEO Glenn Watchorn from its headquarters at 22 Saint Clair Avenue East, Weston Centre.
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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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