With an advance of 4.76%, Batero Gold Corp. (CDX:BAT:CA) was one of the best performing basic material stocks listed on the TSX Venture on January 13. After closing the previous session at $0.105, shares of BAT:CA opened this morning at $0.11 and closed the day at $0.11. Throughout the day, about 4,030 shares changed hands, compared to an average 30-day volume of 57,377 for Batero Gold Corp.. Shares moved as high as $0.11 and as low as $0.11 in today’s trading action.
The share appreciation gives the company a market capitalization of $12.09 million based upon 115.18 million shares outstanding.
In the past 52 weeks, shares of Batero Gold Corp. have traded as low as $0.05 and as high as $0.23. Technical traders will take note that at $0.11, shares of BAT:CA are trading above their 50-day moving average (MA) at $0.102 and below their 200-day MA at below $0.134. 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 $Batero Gold?
Batero Gold Corp, along with its subsidiaries, is engaged in the exploration and development of its fully owned Batero-Quinchia Project, which is located within Colombia's Middle Cauca Belt of porphyry gold-copper and epithermal gold systems. The company is led by its CEO Felipe Ferraro Rey from its headquarters at 2 Toronto 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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