Jericho Oil Corporation (CDX:JCO:CA) Moves Ahead 4.35% in Morning Trading, Bolstering TSX Venture Miscellaneous Sector on January 18

Jericho Oil Corporation (CDX:JCO:CA) is amongst the strongest stocks in the miscellaneous sector of the TSX Venture Exchange through noon on January 18, with a climb of 4.35%. After closing the previous session at $0.46, shares of JCO:CA opened this morning at $0.48 and are currently trading at $0.48. At the lunch break, about 12,500 shares have changed hands, compared to an average 30-day volume of 15,950 for Jericho Oil Corporation. Shares moved as high as $0.48 and as low as $0.46 in today’s morning action. The share appreciation gives the company a market capitalization of $36.27 million based upon 78.84 million shares outstanding. In the past 52 weeks, shares of Jericho Oil Corporation have traded as low as $0.375 and as high as $0.55. Technical traders will take note that at $0.48, shares of JCO:CA are trading above their 50-day moving average (MA) at $0.449 and above their 200-day MA at above $0.47. 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 $Jericho Oil? Jericho Oil Corp is engaged in the acquisition, exploration and development of oil and natural gas fields in the United States of America. The company is led by its CEO Allen Wilson from its headquarters at 888 Dunsmuir Street. For more information on Jericho Oil 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 12:00 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