With an advance of 2.7%, Canasil Resources Inc. (CDX:CLZ:CA) was one of the best performing basic material stocks listed on the TSX Venture on January 13. After closing the previous session at $0.185, shares of CLZ:CA opened this morning at $0.19 and closed the day at $0.19. Throughout the day, about 34,300 shares changed hands, compared to an average 30-day volume of 313,981 for Canasil Resources Inc.. Shares moved as high as $0.195 and as low as $0.18 in today’s trading action.
The share appreciation gives the company a market capitalization of $18.85 million based upon 101.9 million shares outstanding.
In the past 52 weeks, shares of Canasil Resources Inc. have traded as low as $0.045 and as high as $0.73. Technical traders will take note that at $0.19, shares of CLZ:CA are trading below their 50-day moving average (MA) at $0.247 and below their 200-day MA at below $0.38. 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 $Canasil Res?
Canasil Resources Inc is a mineral exploration company. The Company is currently engaged in exploration of gold, silver, copper and zinc projects in Mexico and British Columbia, Canada. The company is led by its CEO Bahman Yamini from its headquarters at 700 west Pender 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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