Benz Mining Corp. (CDX:BZ:CA) is amongst the weakest basic materials stocks listed on the TSX Venture Exchange through noon on September 22, with a fall of 25.0%. After closing the previous session at $0.04, shares of BZ:CA opened this morning at $0.03 and are currently trading at $0.03. At the lunch break, about 21,000 shares have changed hands, compared to an average 30-day volume of 4,133 for Benz Mining Corp.. Shares moved as high as $0.03 and as low as $0.03 in today’s morning action.
The share depreciation gives the company a market capitalization of $923,242 based upon 23.08 million shares outstanding.
In the past 52 weeks, shares of Benz Mining Corp. have traded as low as $0.01 and as high as $0.08. Technical traders will take note that at $0.03, shares of BZ:CA are trading above their 50-day moving average (MA) at $0.027 and above their 200-day MA at above $0.028. 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 $Benz Mng Cor?
Benz Mining Corp, formerly Benz Capital Corp is a mining company. The Company is engaged in the acquisition, exploration and exploitation of mineral properties located in the Americas. Its San Javier Property is located in the State of Sonora, Mexico. The company is led by its CEO Miloje Vicentijevic from its headquarters at 909 Burrard 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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