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Norvista Capital Corporation (OTCMKTS:XTERF) Stock Trades in a Narrow Range

Madison Hall , , , ,

Even if a stock moves within a range, it doesn’t mean that it cannot break out eventually and especially when there is significant news with regards to the company.

Market Stats

On Thursday, XTERF stock ended flat at $0.0655 with more than 2k shares, compared to its average volume of 36 shares. The stock has moved within a range of $0.0655 – 0.0655 after opening trading at $0.0655.

Announces Unaudited December 31, 2021 NAV of C$0.118 per Share

Yesterday, the Norvista Capital Corporation (OTCMKTS:XTERF) stock was trading within a range but the company did provide an important update to investors with regards to the Net Asset Value or NAV per share. Norvista Capital Corporation announced that for the whole month that ended on December 31, 2021, the NAV stood at C$0.118 a share. In this regard, it should also be noted that the price of each share in the company stood at C$0.08.

It was a significant announcement from the company since it is going to give investors a fair idea about the stock. However, it did not lead to any major move in the stock and it now remains to be seen if the stock manages to get any traction over the course of the coming days.

Samuel Pelaez, who is the CIO, Chief Executive Officer, Director and President at Norvista Capital Corporation noted that the company managed to exploit a number of opportunities by way of which it was able allocate capital during the month.

Key Quote

Derek Macpherson, Executive Chairman stated: “We were pleased to see our NAV increase 16.8% in December. While the new positions selected by the current management team continued to perform well, our largest holding Rockcliff Metals was up 16.7% in December, driven by strong drill results and the end of tax loss selling. We continue to believe there is value to be unlocked in Rockcliff and look forward to the pending PEA and continued exploration results.”

Traders Corner

XTERF stock is trading below the 20-Day and 50-Day Moving averages of $0.0798 and $0.0909 respectively. Moreover, the stock is trading below the 10-Day moving average of $0.0791.

Madison Hall

After graduating from the University of Buffalo, Madison gained a real interest in the markets. She tends to be a swing trader and enjoys Pilates and yoga in her downtime.