With an advance of 7.14%, Copper Fox Metals Inc. (CDX:CUU:CA) was one of the best performing basic material stocks listed on the TSX Venture on January 13. After closing the previous session at $0.14, shares of CUU:CA opened this morning at $0.15 and closed the day at $0.15. Throughout the day, about 802,868 shares changed hands, compared to an average 30-day volume of 171,632 for Copper Fox Metals Inc.. Shares moved as high as $0.15 and as low as $0.135 in today’s trading action.
The share appreciation gives the company a market capitalization of $59.89 million based upon 427.81 million shares outstanding.
In the past 52 weeks, shares of Copper Fox Metals Inc. have traded as low as $0.11 and as high as $0.235. Technical traders will take note that at $0.15, shares of CUU:CA are trading above their 50-day moving average (MA) at $0.13 and above their 200-day MA at above $0.126. 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 $Copper Fox M?
Copper Fox Metals Inc is engaged in the exploration for and development of copper mineral properties in Canada and the United States. The company is led by its CEO Elmer B. Stewart from its headquarters at 340 – 12 Avenue SW.
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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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