January 18, 2017 - 10:36 PM EST
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North Sea Energy Inc. (CDX:NUK:CA) Surges 25.0% in Early Trading on January 18 to Lead TSX Venture Basic Materials Stocks

North Sea Energy Inc. (CDX:NUK:CA) came out strong at the opening of trading on January 18, outpacing most other basic material sector peers listed on the TSX Venture Exchange with an early advance of 25.0%. After closing the previous session at $0.02, shares of NUK:CA opened this morning at $0.025 and are currently trading at $0.025. So far, about 10,000 shares have changed hands, compared to an average 30-day volume of 165,060 for North Sea Energy Inc.. Shares moved as high as $0.025 and as low as $0.025 in today’s early action. The share appreciation gives the company a market capitalization of $1.19 million based upon 59.3 million shares outstanding. In the past 52 weeks, shares of North Sea Energy Inc. have traded as low as $0.005 and as high as $0.115. Technical traders will take note that at $0.025, shares of NUK:CA are trading above their 50-day moving average (MA) at $0.02 and below their 200-day MA at below $0.04. 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 $Nth Sea Egy? North Sea Energy Inc is an oil & gas exploration & appraisal company. Through its wholly owned subsidiary, North Sea Energy (UK N02) Ltd, it holds a portfolio of opportunities including Bagpuss & Blofeld (blocks 13/24c and 13/25) & Captain field. The company is led by its CEO J. Craig Anderson from its headquarters at 36 Toronto Street. For more information on Nth Sea Egy 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 9:30 AM 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

Source: Financial Press News (January 18, 2017 - 10:36 PM EST)

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