In sliding 3.13%, Ely Gold & Minerals Inc. (CDX:ELY: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 $0.16, shares of ELY:CA opened this morning at $0.155 and closed the day at $0.155. Throughout the day, about 84,500 shares changed hands, compared to an average 30-day volume of 62,414 for Ely Gold & Minerals Inc.. Shares moved as high as $0.16 and as low as $0.155 in today’s trading action.
The share depreciation gives the company a market capitalization of $12.12 million based upon 75.76 million shares outstanding.
In the past 52 weeks, shares of Ely Gold & Minerals Inc. have traded as low as $0.045 and as high as $0.265. Technical traders will take note that at $0.155, shares of ELY:CA are trading below their 50-day moving average (MA) at $0.168 and below their 200-day MA at below $0.155. 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 $Ely Gld & Mn?
Ely Gold & Minerals Inc is engaged in the acquisition, consolidation, enhancement, and resale of un-encumbered North American precious metals properties. The company is led by its CEO C.F. Wasser from its headquarters at 409 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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