Altan Nevada Minerals Limited (CDX:ANE:CA) is amongst the weakest basic materials stocks listed on the TSX Venture Exchange through noon on September 22, with a fall of 20.0%. After closing the previous session at $0.025, shares of ANE:CA opened this morning at $0.02 and are currently trading at $0.02. At the lunch break, about 35,000 shares have changed hands, compared to an average 30-day volume of 34,233 for Altan Nevada Minerals Limited. Shares moved as high as $0.02 and as low as $0.02 in today’s morning action.
The share depreciation gives the company a market capitalization of $925,740 based upon 37.03 million shares outstanding.
In the past 52 weeks, shares of Altan Nevada Minerals Limited have traded as low as $0.005 and as high as $0.05. Technical traders will take note that at $0.02, shares of ANE:CA are trading below their 50-day moving average (MA) at $0.023 and above their 200-day MA at above $0.012. 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 $Altan Nevada?
Altan Nevada Minerals Ltd is a mineral exploration company. The Company is engaged in the acquisition and exploration of exploration and evaluation assets in the United States. The company is led by its CEO Evan Jones from its headquarters at 800 – 1199 West Hasting 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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