With an advance of 33.33%, Castle Peak Mining Ltd. (CDX:CAP:CA) was one of the best performing basic material stocks listed on the TSX Venture on January 13. After closing the previous session at $0.015, shares of CAP:CA opened this morning at $0.02 and closed the day at $0.02. Throughout the day, about 60,900 shares changed hands, compared to an average 30-day volume of 160,642 for Castle Peak Mining Ltd.. Shares moved as high as $0.02 and as low as $0.02 in today’s trading action.
The share appreciation gives the company a market capitalization of $1.99 million based upon 132.76 million shares outstanding.
In the past 52 weeks, shares of Castle Peak Mining Ltd. have traded as low as $0.005 and as high as $0.075. Technical traders will take note that at $0.02, shares of CAP:CA are trading above their 50-day moving average (MA) at $0.019 and below their 200-day MA at below $0.033. 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 $Castle Peak?
Castle Peak Mining Ltd is in the business of acquiring, exploring and evaluating exploration and evaluation assets in Ghana, Africa. The company is led by its CEO Darren Lindsay from its headquarters at 29 – 1255 Riverside Drive.
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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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