Home / Market Movers / Midday Alert: Comstock Metals Ltd. (CDX:CSL:CA) Pressures TSX Venture Basic Materials Stocks with 5.26% Decline in Morning Trading on September 22

Midday Alert: Comstock Metals Ltd. (CDX:CSL:CA) Pressures TSX Venture Basic Materials Stocks with 5.26% Decline in Morning Trading on September 22

Comstock Metals Ltd. (CDX:CSL:CA) is amongst the weakest basic materials stocks listed on the TSX Venture Exchange through noon on September 22, with a fall of 5.26%. After closing the previous session at $0.285, shares of CSL:CA opened this morning at $0.27 and are currently trading at $0.27. At the lunch break, about 47,000 shares have changed hands, compared to an average 30-day volume of 45,527 for Comstock Metals Ltd.. Shares moved as high as $0.28 and as low as $0.255 in today’s morning action.

The share depreciation gives the company a market capitalization of $10.4 million based upon 56.5 million shares outstanding.

In the past 52 weeks, shares of Comstock Metals Ltd. have traded as low as $0.05 and as high as $0.425. Technical traders will take note that at $0.27, shares of CSL:CA are trading below their 50-day moving average (MA) at $0.304 and above their 200-day MA at above $0.188. 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 $Comstock Mtl?

Comstock Metals Ltd is engaged in the acquisition and exploration of mineral properties in Canada and Mexico. The company is led by its CEO Rasool Mohammad from its headquarters at 850 West Hastings Street.


For more information on Comstock Mtl 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.

All data provided by QuoteMedia, with stock data accurate as of 12:00 PM ET. FinancialPress.com is not responsible for inaccuracies in third-party supplied information.

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.

About FinancialPress.com

FinancialPress.com is a leading publisher of market and investment news, commentary, proprietary research and videos from seasoned journalists, analysts and contributors covering the financial markets and global economies. Leveraging our extensive distribution network and social media presence, we have cultivated a valuable audience of engaged market enthusiasts, which in turn delivers a variety of unique opportunities for industry partnerships, corporate communications, market exposure and investment. A complete disclaimer can be viewed here.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of FinancialPress.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://financialpress.com/legal-disclaimer/.

Check Also

Shares of TSX Venture Miscellaneous Company Valterra Resource Corporation (CDX:VQA:CA) Fall 6.25% on September 30

In sliding 6.25%, Valterra Resource Corporation (CDX:VQA:CA) was one of the worst performing stocks in …