In sliding 7.14%, Centurion Minerals Ltd. (CDX:CTN:CA) was one of the worst performing stocks amongst TSX Venture Exchange-listed basic materials companies on January 13. After closing the previous session at $0.07, shares of CTN:CA opened this morning at $0.065 and closed the day at $0.065. Throughout the day, about 183,000 shares changed hands, compared to an average 30-day volume of 59,239 for Centurion Minerals Ltd.. Shares moved as high as $0.07 and as low as $0.065 in today’s trading action.
The share depreciation gives the company a market capitalization of $3.51 million based upon 50.14 million shares outstanding.
In the past 52 weeks, shares of Centurion Minerals Ltd. have traded as low as $0.045 and as high as $0.18. Technical traders will take note that at $0.065, shares of CTN:CA are trading below their 50-day moving average (MA) at $0.075 and below their 200-day MA at below $0.081. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move beneath or holding under them is typically regarded as bearish.
Who is $Centurion Mn?
Centurion Minerals Ltd is a mineral exploration company. The company is engaged in the acquisition and exploration of mineral properties in Canada, Myanmar and Indonesia and Argentina. The company is led by its CEO David G. Tafel from its headquarters at 470 Granville 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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