Cematrix Corporation (CDX:CVX:CA) came out weak at the opening of trading on April 21, underperforming most other peers in the industrial goods sector of the TSX Venture Exchange with an early decline of 1.64%. After closing the previous session at $0.305, shares of CVX:CA opened this morning at $0.3 and are currently trading at $0.3. So far, about 20,000 shares have changed hands, compared to an average 30-day volume of 18,399 for Cematrix Corporation. Shares moved as high as $0.3 and as low as $0.3 in today’s early action.
The share depreciation gives the company a market capitalization of $10.52 million based upon 34.48 million shares outstanding.
In the past 52 weeks, shares of Cematrix Corporation have traded as low as $0.26 and as high as $0.58. Technical traders will take note that at $0.3, shares of CVX:CA are trading below their 50-day moving average (MA) at $0.301 and below their 200-day MA at below $0.352. 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 $Cematrix Cor?
Cematrix Corp through its wholly-owned subsidiary is engaged in manufacturing and supplying cellular concrete products with applications in different markets. The company is led by its CEO Jeffrey Kendrick from its headquarters at 5440 – 53rd Street S.E..
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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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