Opawica Explorations Inc. (CDX:OPW: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 15.38%. After closing the previous session at $0.065, shares of OPW:CA opened this morning at $0.075 and are currently trading at $0.075. So far, about 7,000 shares have changed hands, compared to an average 30-day volume of 294,716 for Opawica Explorations Inc.. Shares moved as high as $0.075 and as low as $0.07 in today’s early action.
The share appreciation gives the company a market capitalization of $1.89 million based upon 29.13 million shares outstanding.
In the past 52 weeks, shares of Opawica Explorations Inc. have traded as low as $0.02 and as high as $0.155. Technical traders will take note that at $0.075, shares of OPW:CA are trading below their 50-day moving average (MA) at $0.097 and below their 200-day MA at below $0.096. 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 $Opawica Expl?
Opawica Explorations Inc is a exploration stage company. The Company is engaged in the acquisition, exploration and development of mineral resource properties in Canada. The company is led by its CEO Ferdynand Kiernicki from its headquarters at 555 West Georgia Street.
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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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