Home / Market Movers / Midday Alert: Commander Resources Ltd. (CDX:CMD:CA) Pressures TSX Venture Basic Materials Stocks with 16.67% Decline in Morning Trading on September 22

Midday Alert: Commander Resources Ltd. (CDX:CMD:CA) Pressures TSX Venture Basic Materials Stocks with 16.67% Decline in Morning Trading on September 22

Commander Resources Ltd. (CDX:CMD:CA) is amongst the weakest basic materials stocks listed on the TSX Venture Exchange through noon on September 22, with a fall of 16.67%. After closing the previous session at $0.06, shares of CMD:CA opened this morning at $0.05 and are currently trading at $0.05. At the lunch break, about 54,000 shares have changed hands, compared to an average 30-day volume of 62,668 for Commander Resources Ltd.. Shares moved as high as $0.05 and as low as $0.05 in today’s morning action.

The share depreciation gives the company a market capitalization of $6.2 million based upon 103.3 million shares outstanding.

In the past 52 weeks, shares of Commander Resources Ltd. have traded as low as $0.01 and as high as $0.08. Technical traders will take note that at $0.05, shares of CMD:CA are trading below their 50-day moving average (MA) at $0.062 and above their 200-day MA at above $0.04. 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 $Commander Re?

Commander Resources Ltd is an exploration stage company. It is engaged in the acquisition and exploration of gold, base metal and uranium properties in Canada. Its projects comprises of Glenmorangie, Baffin Island, and Omineca. The company is led by its CEO Robert Cameron from its headquarters at 1111 Melville Street.

For more information on Commander Re 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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