Home / Market Movers / Bacanora Minerals Ltd. (CDX:BCN:CA) Advances 1.63% on January 13, Leads TSX Venture Basic Materials Sector

Bacanora Minerals Ltd. (CDX:BCN:CA) Advances 1.63% on January 13, Leads TSX Venture Basic Materials Sector

With an advance of 1.63%, Bacanora Minerals Ltd. (CDX:BCN:CA) was one of the best performing basic material stocks listed on the TSX Venture on January 13. After closing the previous session at $1.23, shares of BCN:CA opened this morning at $1.25 and closed the day at $1.25. Throughout the day, about 266 shares changed hands, compared to an average 30-day volume of 32,950 for Bacanora Minerals Ltd.. Shares moved as high as $1.25 and as low as $1.25 in today’s trading action.

The share appreciation gives the company a market capitalization of $136.28 million based upon 110.8 million shares outstanding.

In the past 52 weeks, shares of Bacanora Minerals Ltd. have traded as low as $1.01 and as high as $1.95. Technical traders will take note that at $1.25, shares of BCN:CA are trading above their 50-day moving average (MA) at $1.224 and below their 200-day MA at below $1.445. 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 $Bacanora Mnr?

Bacanora Minerals Ltd is a development stage mining company. It is engaged in the identification, acquisition, exploration and development of mineral properties located in Mexico. Its projects include Sonora Lithium project and Magdalena Borate project. The company is led by its CEO Peter Secker from its headquarters at 2204 – 6th Avenue N.W..

For more information on Bacanora Mnr 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.

All data provided by QuoteMedia, with stock data accurate as of 4:00 PM ET. FinancialPress.com is not responsible for inaccuracies in third-party supplied information.

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.

About FinancialPress.com

FinancialPress.com is a leading publisher of market and investment news, commentary, proprietary research and videos from seasoned journalists, analysts and contributors covering the financial markets and global economies. Leveraging our extensive distribution network and social media presence, we have cultivated a valuable audience of engaged market enthusiasts, which in turn delivers a variety of unique opportunities for industry partnerships, corporate communications, market exposure and investment. A complete disclaimer can be viewed here. If you like this article, you can read more at FinancialPress.com

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of FinancialPress.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://financialpress.com/legal-disclaimer/.

Check Also

Midday Alert: Otis Gold Corp (CDX:OOO:CA) Pressures TSX Venture Basic Materials Stocks with 1.89% Decline in Morning Trading on March 27

Otis Gold Corp (CDX:OOO:CA) is amongst the weakest basic materials stocks listed on the TSX …