Maple Leaf Green World Inc (CDX:MGW:CA) came out strong at the opening of trading on April 21, outpacing most other consumer goods sector peers listed on the TSX Venture Exchange with an early advance of 1.69%. After closing the previous session at $0.59, shares of MGW:CA opened this morning at $0.6 and are currently trading at $0.6. So far, about 50,690 shares have changed hands, compared to an average 30-day volume of 538,119 for Maple Leaf Green World Inc. Shares moved as high as $0.61 and as low as $0.6 in today’s early action.
The share appreciation gives the company a market capitalization of $74.14 million based upon 125.66 million shares outstanding.
In the past 52 weeks, shares of Maple Leaf Green World Inc have traded as low as $0.11 and as high as $0.99. Technical traders will take note that at $0.6, shares of MGW:CA are trading below their 50-day moving average (MA) at $0.625 and above their 200-day MA at above $0.522. 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 $Maple Leaf G?
Maple Leaf Green World Inc along with its subsidiary is exploring opportunities for its eco-agriculture nursery business, including medical marijuana in Canada and USA, and its renewable energy business in China. The company is led by its CEO Raymond Lai from its headquarters at 2916B – 19 Street N.E..
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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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