In sliding 25.0%, Frontline Gold Corporation (CDX:FGC: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 $0.02, shares of FGC:CA opened this morning at $0.015 and closed the day at $0.015. Throughout the day, about 41,000 shares changed hands, compared to an average 30-day volume of 147,347 for Frontline Gold Corporation. Shares moved as high as $0.015 and as low as $0.015 in today’s trading action.
The share depreciation gives the company a market capitalization of $2.81 million based upon 140.46 million shares outstanding.
In the past 52 weeks, shares of Frontline Gold Corporation have traded as low as $0.005 and as high as $0.05. Technical traders will take note that at $0.015, shares of FGC:CA are trading below their 50-day moving average (MA) at $0.018 and below their 200-day MA at below $0.022. 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 $Frontline Gl?
Frontline Gold Corp is engaged in the exploration of mineral properties in Canada. Its projects include Niaouleni Gold Project, Poly Property, Stewart Property and among others. The company is led by its CEO Walter C. Henry from its headquarters at 1 Toronto Street, Yonge 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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