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

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

Heatherdale Resources Ltd. (CDX:HTR: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 $0.05, shares of HTR:CA opened this morning at $0.045 and are currently trading at $0.045. At the lunch break, about 7,000 shares have changed hands, compared to an average 30-day volume of 11,748 for Heatherdale Resources Ltd.. Shares moved as high as $0.045 and as low as $0.045 in today’s morning action.

The share depreciation gives the company a market capitalization of $6.96 million based upon 139.23 million shares outstanding.

In the past 52 weeks, shares of Heatherdale Resources Ltd. have traded as low as $0.01 and as high as $0.07. Technical traders will take note that at $0.045, shares of HTR:CA are trading below their 50-day moving average (MA) at $0.052 and above their 200-day MA at above $0.034. 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 $Heatherdale?

Heatherdale Resources Ltd is engaged in exploration and development of mineral properties. The Company's projects include Niblack copper-gold-zinc-silver project located in Southeast Alaska, USA. The company is led by its CEO Scott D. Cousens from its headquarters at 1040 West Georgia Street.

For more information on Heatherdale 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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