November 25, 2016 - 5:54 PM EST
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Cub Energy Inc. (CDX:KUB:CA) Surges 16.67% in Early Trading on November 25 to Lead TSX Venture Basic Materials Stocks

Cub Energy Inc. (CDX:KUB:CA) came out strong at the opening of trading on November 25, outpacing most other basic material sector peers listed on the TSX Venture Exchange with an early advance of 16.67%. After closing the previous session at $0.03, shares of KUB:CA opened this morning at $0.035 and are currently trading at $0.035. So far, about 150,000 shares have changed hands, compared to an average 30-day volume of 627,402 for Cub Energy Inc.. Shares moved as high as $0.035 and as low as $0.035 in today’s early action. The share appreciation gives the company a market capitalization of $9.36 million based upon 312.02 million shares outstanding. In the past 52 weeks, shares of Cub Energy Inc. have traded as low as $0.015 and as high as $0.055. Technical traders will take note that at $0.035, shares of KUB:CA are trading above their 50-day moving average (MA) at $0.022 and above their 200-day MA at above $0.032. 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 $Cub Egy Inc.? Cub Energy Inc is engaged in the exploration, development and production of petroleum and natural gas properties in the Black Sea Region. The company is led by its CEO Mikhail Afendikov from its headquarters at 5120 Woodway Drive. For more information on Cub Egy Inc. 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 today. All data provided by QuoteMedia, with stock data accurate as of 9:30 AM ET. 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 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

Source: Financial Press News (November 25, 2016 - 5:54 PM EST)

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