Aurvista Gold Corporation (CDX:AVA:CA) is amongst the weakest basic materials stocks listed on the TSX Venture Exchange through noon on September 22, with a fall of 10.64%. After closing the previous session at $0.235, shares of AVA:CA opened this morning at $0.21 and are currently trading at $0.21. At the lunch break, about 36,062 shares have changed hands, compared to an average 30-day volume of 231,357 for Aurvista Gold Corporation. Shares moved as high as $0.23 and as low as $0.21 in today’s morning action.
The share depreciation gives the company a market capitalization of $21.31 million based upon 90.69 million shares outstanding.
In the past 52 weeks, shares of Aurvista Gold Corporation have traded as low as $0.025 and as high as $0.385. Technical traders will take note that at $0.21, shares of AVA:CA are trading below their 50-day moving average (MA) at $0.275 and above their 200-day MA at above $0.124. 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 $Aurvista Gld?
Aurvista Gold Corp is engaged in the exploration of mineral resources. The Company holds interest in the Douay Gold Project located on the Casa Berardi Fault in Northern Quebec. The company is led by its CEO Jean Lafleur from its headquarters at 250 Place d'Youville, 2e etage.
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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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