Home / Market Movers / Blackbird Energy Inc (CDX:BBI:CA) Surges 1.92% in Early Trading on April 21 to Lead TSX Venture Basic Materials Stocks

Blackbird Energy Inc (CDX:BBI:CA) Surges 1.92% in Early Trading on April 21 to Lead TSX Venture Basic Materials Stocks

Blackbird Energy Inc (CDX:BBI:CA) came out strong at the opening of trading on April 21, outpacing most other basic material sector peers listed on the TSX Venture Exchange with an early advance of 1.92%. After closing the previous session at $0.52, shares of BBI:CA opened this morning at $0.53 and are currently trading at $0.53. So far, about 44,161 shares have changed hands, compared to an average 30-day volume of 1.36 million for Blackbird Energy Inc. Shares moved as high as $0.53 and as low as $0.52 in today’s early action.

The share appreciation gives the company a market capitalization of $386.77 million based upon 743.79 million shares outstanding.

In the past 52 weeks, shares of Blackbird Energy Inc have traded as low as $0.115 and as high as $0.72. Technical traders will take note that at $0.53, shares of BBI:CA are trading below their 50-day moving average (MA) at $0.562 and above their 200-day MA at above $0.453. 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 $Blackbird Eg?

Blackbird Energy Inc is an oil and gas exploration company. It is engaged in the acquisition, development and production of petroleum and gas interests in west canada. The company is led by its CEO Garth J. Braun from its headquarters at 444 5th Avenue South West.

For more information on Blackbird Eg and other companies trading on the TSX Venture Exchange, as well as other Canadian and American stock exchanges, or to be considered for contributing content for our distribution network, visit FinancialPress.com today.

All data provided by QuoteMedia, with stock data accurate as of 9:30 AM ET. FinancialPress.com is not responsible for inaccuracies in third-party supplied information.

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.

About FinancialPress.com

FinancialPress.com is a leading publisher of market and investment news, commentary, proprietary research and videos from seasoned journalists, analysts and contributors covering the financial markets and global economies. Leveraging our extensive distribution network and social media presence, we have cultivated a valuable audience of engaged market enthusiasts, which in turn delivers a variety of unique opportunities for industry partnerships, corporate communications, market exposure and investment. A complete disclaimer can be viewed here. If you like this article, you can read more at FinancialPress.com

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of FinancialPress.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://financialpress.com/legal-disclaimer/.

Check Also

Siebert Financial Corp. (SIEB) Weighs on Financial Sector, Stock Falls 3.09% on April 21

Siebert Financial Corp. (SIEB) was one of the weakest stocks in the financial sector of …