H2O Innovation Inc (CDX:HEO: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 3.03%. After closing the previous session at $1.65, shares of HEO:CA opened this morning at $1.6 and are currently trading at $1.6. So far, about 9,815 shares have changed hands, compared to an average 30-day volume of 17,874 for H2O Innovation Inc. Shares moved as high as $1.65 and as low as $1.6 in today’s early action.
The share depreciation gives the company a market capitalization of $66.24 million based upon 40.14 million shares outstanding.
In the past 52 weeks, shares of H2O Innovation Inc have traded as low as $1.17 and as high as $2.5. Technical traders will take note that at $1.6, shares of HEO:CA are trading below their 50-day moving average (MA) at $1.716 and below their 200-day MA at below $1.77. 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 $H2O Innovati?
H2O Innovation Inc is engaged in designing, producing, installing and providing water treatment systems solutions based on membrane filtration technology to municipal, energy & mining end-users. The company is led by its CEO Frederic Dugre from its headquarters at 330 Saint-Vallier Street East.
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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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