With an advance of 2.04%, Ethos Gold Corp. (CDX:ECC:CA) was one of the best performing basic material stocks listed on the TSX Venture on January 13. After closing the previous session at $0.245, shares of ECC:CA opened this morning at $0.25 and closed the day at $0.25. Throughout the day, about 102,500 shares changed hands, compared to an average 30-day volume of 35,233 for Ethos Gold Corp.. Shares moved as high as $0.25 and as low as $0.245 in today’s trading action.
The share appreciation gives the company a market capitalization of $11.6 million based upon 47.34 million shares outstanding.
In the past 52 weeks, shares of Ethos Gold Corp. have traded as low as $0.135 and as high as $0.41. Technical traders will take note that at $0.25, shares of ECC:CA are trading above their 50-day moving average (MA) at $0.209 and below their 200-day MA at below $0.267. 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 $Ethos Gold?
Ethos Gold Corp is an exploration stage company. The Company is engaged in the identification, exploration and development of economically viable mineral properties. The company is led by its CEO Gary Freeman from its headquarters at 789 West Pender 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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