Precipitate Gold Corp. (CDX:PRG:CA) is amongst the weakest basic materials stocks listed on the TSX Venture Exchange through noon on September 22, with a fall of 5.77%. After closing the previous session at $0.26, shares of PRG:CA opened this morning at $0.245 and are currently trading at $0.245. At the lunch break, about 57,500 shares have changed hands, compared to an average 30-day volume of 89,069 for Precipitate Gold Corp.. Shares moved as high as $0.245 and as low as $0.23 in today’s morning action.
The share depreciation gives the company a market capitalization of $16.56 million based upon 63.69 million shares outstanding.
In the past 52 weeks, shares of Precipitate Gold Corp. have traded as low as $0.06 and as high as $0.37. Technical traders will take note that at $0.245, shares of PRG:CA are trading below their 50-day moving average (MA) at $0.283 and above their 200-day MA at above $0.183. 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 $Precipitate?
Precipitate Gold Corp is a metals and minerals mining company. Its business activities are acquisition and exploration of gold and base metal in Canada and the Dominican Republic. The company is led by its CEO Jeffery Wilson from its headquarters at 625 Howe 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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