Home / Market Movers / Zenyatta Ventures Ltd. (CDX:ZEN:CA) Advances 3.88% on February 16, Leads TSX Venture Basic Materials Sector

Zenyatta Ventures Ltd. (CDX:ZEN:CA) Advances 3.88% on February 16, Leads TSX Venture Basic Materials Sector

With an advance of 3.88%, Zenyatta Ventures Ltd. (CDX:ZEN:CA) was one of the best performing basic material stocks listed on the TSX Venture on February 16. After closing the previous session at $1.03, shares of ZEN:CA opened this morning at $1.07 and closed the day at $1.07. Throughout the day, about 22,580 shares changed hands, compared to an average 30-day volume of 40,390 for Zenyatta Ventures Ltd.. Shares moved as high as $1.07 and as low as $1.02 in today’s trading action.

The share appreciation gives the company a market capitalization of $62.27 million based upon 60.46 million shares outstanding.

In the past 52 weeks, shares of Zenyatta Ventures Ltd. have traded as low as $0.63 and as high as $1.55. Technical traders will take note that at $1.07, shares of ZEN:CA are trading above their 50-day moving average (MA) at $0.942 and above their 200-day MA at above $0.914. 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 $Zenyatta Ven?

Zenyatta Ventures Ltd is a mineral development company. The Company is engaged in developing Graphite deposit and exploring for base metal deposits on the Albany Project in Northeastern Ontario. The company is led by its CEO Aubrey Eveleigh from its headquarters at 1224 Amber Drive.


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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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