With an advance of 4.17%, Avrupa Minerals Ltd. (CDX:AVU:CA) was one of the best performing basic material stocks listed on the TSX Venture on January 13. After closing the previous session at $0.12, shares of AVU:CA opened this morning at $0.125 and closed the day at $0.125. Throughout the day, about 128,500 shares changed hands, compared to an average 30-day volume of 50,952 for Avrupa Minerals Ltd.. Shares moved as high as $0.125 and as low as $0.12 in today’s trading action.
The share appreciation gives the company a market capitalization of $8.91 million based upon 74.25 million shares outstanding.
In the past 52 weeks, shares of Avrupa Minerals Ltd. have traded as low as $0.075 and as high as $0.25. Technical traders will take note that at $0.125, shares of AVU:CA are trading above their 50-day moving average (MA) at $0.123 and below their 200-day MA at below $0.13. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move above them or holding over them is typically regarded as bullish.
Who is $Avrupa Mnrls?
Avrupa Minerals Ltd is a junior exploration and development company. The Company si engaged in the acquisition and exploration of mineral properties in Europe. The company is led by its CEO Paul Kuhn from its headquarters at 325 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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