Home / Market Movers / Midday Alert: Claim Post Resources Inc. (CDX:CPS:CA) Pressures TSX Venture Basic Materials Stocks with 40.0% Decline in Morning Trading on September 22

Midday Alert: Claim Post Resources Inc. (CDX:CPS:CA) Pressures TSX Venture Basic Materials Stocks with 40.0% Decline in Morning Trading on September 22

Claim Post Resources Inc. (CDX:CPS:CA) is amongst the weakest basic materials stocks listed on the TSX Venture Exchange through noon on September 22, with a fall of 40.0%. After closing the previous session at $0.025, shares of CPS:CA opened this morning at $0.015 and are currently trading at $0.015. At the lunch break, about 10,000 shares have changed hands, compared to an average 30-day volume of 30,620 for Claim Post Resources Inc.. Shares moved as high as $0.015 and as low as $0.015 in today’s morning action.

The share depreciation gives the company a market capitalization of $3.14 million based upon 125.58 million shares outstanding.

In the past 52 weeks, shares of Claim Post Resources Inc. have traded as low as $0.005 and as high as $0.06. Technical traders will take note that at $0.015, shares of CPS:CA are trading below their 50-day moving average (MA) at $0.03 and below their 200-day MA at below $0.02. 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 $Claim Post?

Claim Post Resources Inc is an exploration stage company engaged in silica sand quarry near Winnipeg, Manitoba. The Company is also engaged in exploration properties in Timmins, Ontario, Canada. The company is led by its CEO Charles Gryba from its headquarters at 4950 Yonge Street.

For more information on Claim Post and other companies trading on the TSX Venture Exchange, as well as other Canadian and American stock exchanges, or to be considered for contributing content for our distribution network, visit FinancialPress.com today.

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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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