Acme Resources Inc. (CDX:ARI:CA) is amongst the weakest basic materials stocks listed on the TSX Venture Exchange through noon on September 22, with a fall of 11.11%. After closing the previous session at $0.045, shares of ARI:CA opened this morning at $0.04 and are currently trading at $0.04. At the lunch break, about 4,266 shares have changed hands, compared to an average 30-day volume of 16,983 for Acme Resources Inc.. Shares moved as high as $0.04 and as low as $0.04 in today’s morning action.
The share depreciation gives the company a market capitalization of $754,939 based upon 16.78 million shares outstanding.
In the past 52 weeks, shares of Acme Resources Inc. have traded as low as $0.02 and as high as $0.12. Technical traders will take note that at $0.04, shares of ARI:CA are trading below their 50-day moving average (MA) at $0.055 and above their 200-day MA at above $0.039. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move beneath or holding under them is typically regarded as bearish.
Who is $Acme Res Inc?
Acme Resources Inc is a mineral exploration company. It is engaged in the acquisition and exploration of mineral properties in Canada. The company is led by its CEO Seamus Young from its headquarters at 1050 West Pender Street.
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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.
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