Aveda Transportation and Energy Services Inc (CDX:AVE:CA) moved lower at the opening of trading on April 21, outpacing most other laggards in the miscellaneous sector of the TSX Venture Exchange by dropping 1.67%. After closing the previous session at $0.6, shares of AVE:CA opened this morning at $0.59 and are currently trading at $0.59. So far, about 74,000 shares have changed hands, compared to an average 30-day volume of 54,010 for Aveda Transportation and Energy Services Inc. Shares moved as high as $0.59 and as low as $0.59 in today’s early action.
The share depreciation gives the company a market capitalization of $34.31 million based upon 57.18 million shares outstanding.
In the past 52 weeks, shares of Aveda Transportation and Energy Services Inc have traded as low as $0.44 and as high as $1.23. Technical traders will take note that at $0.59, shares of AVE:CA are trading below their 50-day moving average (MA) at $0.606 and below their 200-day MA at below $0.638. 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 $Aveda Transp?
Aveda Transportation and Energy Services Inc provides specialized transportation services and equipment for the drilling, exploration, development and production of petroleum resources. The Company operates in Western Canada and the United States. The company is led by its CEO Ronnie Witherspoon from its headquarters at 435 – 4th Avenue S.W..
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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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