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..


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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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