Home / Market Movers / Saint Jean Carbon Inc (CDX:SJL:CA) Swoons 7.14% Just After Opening Bell on April 21, Pressuring TSX Venture Miscellaneous Sector

Saint Jean Carbon Inc (CDX:SJL:CA) Swoons 7.14% Just After Opening Bell on April 21, Pressuring TSX Venture Miscellaneous Sector

Saint Jean Carbon Inc (CDX:SJL:CA) moved lower at the opening of trading on April 21, outpacing most other laggards in the miscellaneous sector of the TSX Venture Exchange by dropping 7.14%. After closing the previous session at $0.07, shares of SJL:CA opened this morning at $0.065 and are currently trading at $0.065. So far, about 1.4 million shares have changed hands, compared to an average 30-day volume of 2.9 million for Saint Jean Carbon Inc. Shares moved as high as $0.07 and as low as $0.065 in today’s early action.

The share depreciation gives the company a market capitalization of $13.36 million based upon 190.82 million shares outstanding.

In the past 52 weeks, shares of Saint Jean Carbon Inc have traded as low as $0.025 and as high as $0.35. Technical traders will take note that at $0.065, shares of SJL:CA are trading below their 50-day moving average (MA) at $0.104 and above their 200-day MA at above $0.06. 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 $Saint Jean C?

Saint Jean Carbon Inc is engaged in the exploration of the mineral properties. Its properties include Graphite properties, Whabouchi Lithium project, Highrock Island Main Vein, and among others. The company is led by its CEO Paul Ogilvie from its headquarters at 888 – 3rd Street S.W.

For more information on Saint Jean C and other companies trading on the TSX Venture Exchange, as well as other Canadian and American stock exchanges, or to be considered for contributing content for our distribution network, visit FinancialPress.com today.

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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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