Home / Market Movers / Midday Alert: GMV Minerals Inc. (CDX:GMV:CA) Pressures TSX Venture Basic Materials Stocks with 3.33% Decline in Morning Trading on September 22

Midday Alert: GMV Minerals Inc. (CDX:GMV:CA) Pressures TSX Venture Basic Materials Stocks with 3.33% Decline in Morning Trading on September 22

GMV Minerals Inc. (CDX:GMV:CA) is amongst the weakest basic materials stocks listed on the TSX Venture Exchange through noon on September 22, with a fall of 3.33%. After closing the previous session at $0.6, shares of GMV:CA opened this morning at $0.58 and are currently trading at $0.58. At the lunch break, about 54,700 shares have changed hands, compared to an average 30-day volume of 159,647 for GMV Minerals Inc.. Shares moved as high as $0.6 and as low as $0.58 in today’s morning action.

The share depreciation gives the company a market capitalization of $18.81 million based upon 31.36 million shares outstanding.

In the past 52 weeks, shares of GMV Minerals Inc. have traded as low as $0.07 and as high as $0.7. Technical traders will take note that at $0.58, shares of GMV:CA are trading above their 50-day moving average (MA) at $0.529 and above their 200-day MA at above $0.236. 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 $GMV Mnrls?

GMV Minerals Inc is an exploration stage and its principal business activity is the sourcing and exploration of mineral properties. The company is led by its CEO Ian Klassen from its headquarters at 1090 West Georgia Street.

For more information on GMV Mnrls 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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