In sliding 5.0%, Crown Mining Corp. (CDX:CWM: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 $0.1, shares of CWM:CA opened this morning at $0.095 and closed the day at $0.095. Throughout the day, about 6,000 shares changed hands, compared to an average 30-day volume of 11,602 for Crown Mining Corp.. Shares moved as high as $0.095 and as low as $0.095 in today’s trading action.
The share depreciation gives the company a market capitalization of $2.6 million based upon 26.0 million shares outstanding.
In the past 52 weeks, shares of Crown Mining Corp. have traded as low as $0.04 and as high as $0.2. Technical traders will take note that at $0.095, shares of CWM:CA are trading below their 50-day moving average (MA) at $0.095 and below their 200-day MA at below $0.106. 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 $Crown Mng Co?
Crown Mining Corp is an exploration stage company. The Company is engaged in exploration and evaluation of its properties in United States and Canada. The company is led by its CEO Stephen Dunn from its headquarters at 365 Bay 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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