Altan Rio Minerals Limited (CDX:AMO:CA) is amongst the weakest basic materials stocks listed on the TSX Venture Exchange through noon on September 22, with a fall of 12.5%. After closing the previous session at $0.04, shares of AMO:CA opened this morning at $0.035 and are currently trading at $0.035. At the lunch break, about 20,000 shares have changed hands, compared to an average 30-day volume of 17,604 for Altan Rio Minerals Limited. Shares moved as high as $0.035 and as low as $0.035 in today’s morning action.
The share depreciation gives the company a market capitalization of $3.56 million based upon 89.12 million shares outstanding.
In the past 52 weeks, shares of Altan Rio Minerals Limited have traded as low as $0.01 and as high as $0.04. Technical traders will take note that at $0.035, shares of AMO:CA are trading above their 50-day moving average (MA) at $0.014 and above their 200-day MA at above $0.013. 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 Rio Mn?
Altan Rio Minerals Ltd is a mineral exploration company. The Company is engaged in the acquisition, exploration and evaluation assets in the Mongolia. The company is led by its CEO Evan Jones from its headquarters at 800 – 1199 West Hastings 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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