Home / Market Movers / Midday Alert: Kiska Metals Corporation (CDX:KSK:CA) Pressures TSX Venture Basic Materials Stocks with 5.56% Decline in Morning Trading on September 22

Midday Alert: Kiska Metals Corporation (CDX:KSK:CA) Pressures TSX Venture Basic Materials Stocks with 5.56% Decline in Morning Trading on September 22

Kiska Metals Corporation (CDX:KSK:CA) is amongst the weakest basic materials stocks listed on the TSX Venture Exchange through noon on September 22, with a fall of 5.56%. After closing the previous session at $0.09, shares of KSK:CA opened this morning at $0.085 and are currently trading at $0.085. At the lunch break, about 56,000 shares have changed hands, compared to an average 30-day volume of 218,545 for Kiska Metals Corporation. Shares moved as high as $0.085 and as low as $0.085 in today’s morning action.

The share depreciation gives the company a market capitalization of $10.47 million based upon 116.3 million shares outstanding.

In the past 52 weeks, shares of Kiska Metals Corporation have traded as low as $0.01 and as high as $0.115. Technical traders will take note that at $0.085, shares of KSK:CA are trading below their 50-day moving average (MA) at $0.094 and above their 200-day MA at above $0.053. 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 $Kiska Mtls?

Kiska Metals Corp is a mineral exploration company. The Company and its subsidiaries are engaged in mining and exploring for minerals properties in Canada, Alaska, Australia, the southwestern United States, and Mexico. The company is led by its CEO Grant Ewing from its headquarters at 510 Burrard Street.

For more information on Kiska Mtls 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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