Decade Resources Ltd. (CDX:DEC:CA) is amongst the weakest basic materials stocks listed on the TSX Venture Exchange through noon on September 22, with a fall of 6.67%. After closing the previous session at $0.075, shares of DEC:CA opened this morning at $0.07 and are currently trading at $0.07. At the lunch break, about 102,000 shares have changed hands, compared to an average 30-day volume of 79,096 for Decade Resources Ltd.. Shares moved as high as $0.075 and as low as $0.07 in today’s morning action.
The share depreciation gives the company a market capitalization of $6.29 million based upon 83.92 million shares outstanding.
In the past 52 weeks, shares of Decade Resources Ltd. have traded as low as $0.005 and as high as $0.13. Technical traders will take note that at $0.07, shares of DEC:CA are trading below their 50-day moving average (MA) at $0.09 and above their 200-day MA at above $0.052. 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 $Decade Res?
Decade Resources Ltd is an exploration stage company. It is engaged in the acquisition, exploration and evaluation of mineral properties located in the Provinces of British Columbia, Canada. The company is led by its CEO Edward Kruchkowski from its headquarters at 611 – 8th 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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