Crown Point Energy Inc (CDX:CWV:CA) Advances 13.33% on April 28, Leads TSX Venture Basic Materials Sector

With an advance of 13.33%, Crown Point Energy Inc (CDX:CWV:CA) was one of the best performing basic material stocks listed on the TSX Venture on April 28. After closing the previous session at $0.075, shares of CWV:CA opened this morning at $0.085 and closed the day at $0.085. Throughout the day, about 95,995 shares changed hands, compared to an average 30-day volume of 77,618 for Crown Point Energy Inc. Shares moved as high as $0.085 and as low as $0.075 in today’s trading action. The share appreciation gives the company a market capitalization of $12.35 million based upon 164.6 million shares outstanding. In the past 52 weeks, shares of Crown Point Energy Inc have traded as low as $0.04 and as high as $0.115. Technical traders will take note that at $0.085, shares of CWV:CA are trading above their 50-day moving average (MA) at $0.051 and above their 200-day MA at above $0.051. 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 $Crown Poin? Crown Point Energy Inc is engaged in the exploration for, and development and production of petroleum and natural gas in Argentina. The Company is focusing on two geographic areas: Tierra del Fuego and Cerro de Los Leones. The company is led by its CEO Brian J. Moss from its headquarters at PO Box 1562. For more information on Crown Poin 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. All data provided by QuoteMedia, with stock data accurate as of 4:00 PM ET. FinancialPress.com is not responsible for inaccuracies in third-party supplied information. 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. About FinancialPress.com FinancialPress.com is a leading publisher of market and investment news, commentary, proprietary research and videos from seasoned journalists, analysts and contributors covering the financial markets and global economies. Leveraging our extensive distribution network and social media presence, we have cultivated a valuable audience of engaged market enthusiasts, which in turn delivers a variety of unique opportunities for industry partnerships, corporate communications, market exposure and investment. A complete disclaimer can be viewed here. If you like this article, you can read more at FinancialPress.com