Hunt Mining Corp. (CDX:HMX:CA) is amongst the weakest basic materials stocks listed on the TSX Venture Exchange through noon on September 22, with a fall of 1.37%. After closing the previous session at $0.365, shares of HMX:CA opened this morning at $0.36 and are currently trading at $0.36. At the lunch break, about 5,000 shares have changed hands, compared to an average 30-day volume of 16,633 for Hunt Mining Corp.. Shares moved as high as $0.36 and as low as $0.36 in today’s morning action.
The share depreciation gives the company a market capitalization of $22.68 million based upon 62.15 million shares outstanding.
In the past 52 weeks, shares of Hunt Mining Corp. have traded as low as $0.015 and as high as $0.395. Technical traders will take note that at $0.36, shares of HMX:CA are trading above their 50-day moving average (MA) at $0.299 and above their 200-day MA at above $0.132. 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 $Hunt Mng?
Hunt Mining Corp together with its subsidiaries explores minerals such as gold, silver and base metal in Santa Cruz Province, Argentina. The Company's property the La Josefina gold-silver project is located in the Deseado Massif mining district. The company is led by its CEO Tim Hunt from its headquarters at 23800 East Appleway Avenue.
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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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