Home / Market Movers / Midday Alert: Colt Resources Inc. (CDX:GTP:CA) Pressures TSX Venture Basic Materials Stocks with 10.0% Decline in Morning Trading on September 22

Midday Alert: Colt Resources Inc. (CDX:GTP:CA) Pressures TSX Venture Basic Materials Stocks with 10.0% Decline in Morning Trading on September 22

Colt Resources Inc. (CDX:GTP:CA) is amongst the weakest basic materials stocks listed on the TSX Venture Exchange through noon on September 22, with a fall of 10.0%. After closing the previous session at $0.1, shares of GTP:CA opened this morning at $0.09 and are currently trading at $0.09. At the lunch break, about 136,999 shares have changed hands, compared to an average 30-day volume of 204,949 for Colt Resources Inc.. Shares moved as high as $0.1 and as low as $0.09 in today’s morning action.

The share depreciation gives the company a market capitalization of $25.48 million based upon 254.76 million shares outstanding.

In the past 52 weeks, shares of Colt Resources Inc. have traded as low as $0.055 and as high as $0.165. Technical traders will take note that at $0.09, shares of GTP:CA are trading above their 50-day moving average (MA) at $0.078 and below their 200-day MA at below $0.093. 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 $Colt Res Inc?

Colt Resources Inc is engaged in the acquisition, exploration and development of mineral properties in Portugal and in Canada. It explores for gold and tungsten properties. The company is led by its CEO Nikolas Perrault from its headquarters at 500 Place D'Armes.


For more information on Colt Res Inc 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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