Kivalliq Energy (CVE:KIV) Stock Passes Below 200-Day Moving Average – Here’s Why

Kivalliq Energy Co. (CVE:KIV)’s stock price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$0.07 and traded as low as C$0.07. Kivalliq Energy shares last traded at C$0.07, with a volume of 59,000 shares changing hands.

Kivalliq Energy Stock Performance

The company’s 50 day moving average is C$0.06 and its 200 day moving average is C$0.07.

Kivalliq Energy Company Profile

Kivalliq Energy Corporation, an exploration stage company, focuses on the acquisition, exploration, and development of resource properties in Canada. It explores for uranium and gold deposits. The company has the Angilak, Baker Basin, and the Baffin Gold Properties in Nunavut Territory; the Genesis Property in the Provinces of Saskatchewan and Manitoba; and the Hatchet Lake Property in Saskatchewan. The company was incorporated in 2008 and is headquartered in Vancouver, Canada.