Noka Resources Inc. (CDX:NX:CA) is amongst the weakest basic materials stocks listed on the TSX Venture Exchange through noon on September 22, with a fall of 5.0%. After closing the previous session at $0.1, shares of NX:CA opened this morning at $0.095 and are currently trading at $0.095. At the lunch break, about 51,000 shares have changed hands, compared to an average 30-day volume of 214,691 for Noka Resources Inc.. Shares moved as high as $0.095 and as low as $0.095 in today’s morning action.
The share depreciation gives the company a market capitalization of $3.54 million based upon 35.41 million shares outstanding.
In the past 52 weeks, shares of Noka Resources Inc. have traded as low as $0.035 and as high as $0.21. Technical traders will take note that at $0.095, shares of NX:CA are trading below their 50-day moving average (MA) at $0.104 and above their 200-day MA at above $0.091. 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 $Noka Res Inc?
Noka Resources Inc is an exploration stage. The Company is engaged in the acquiring and exploring its mineral property interests. The company is led by its CEO Nav Dhaliwal from its headquarters at 744 West Hastings 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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