Elcora Advanced Materials Corp (CDX:ERA: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 5.36%. After closing the previous session at $0.28, shares of ERA:CA opened this morning at $0.295 and are currently trading at $0.295. So far, about 500 shares have changed hands, compared to an average 30-day volume of 70,001 for Elcora Advanced Materials Corp. Shares moved as high as $0.295 and as low as $0.295 in today’s early action.
The share appreciation gives the company a market capitalization of $23.18 million based upon 82.78 million shares outstanding.
In the past 52 weeks, shares of Elcora Advanced Materials Corp have traded as low as $0.265 and as high as $0.51. Technical traders will take note that at $0.295, shares of ERA:CA are trading below their 50-day moving average (MA) at $0.315 and below their 200-day MA at below $0.334. 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 $Elcora Res C?
Elcora Advanced Materials Corp is an integrated graphite and graphene company. The Company mines, processes, refines graphite, and targets high-end graphite markets including li-ion batteries and graphene R&D. The company is led by its CEO Troy Grant from its headquarters at 111 Ahmadi Crescent.
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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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