Home / Market Movers / Geodex Minerals Ltd. (CDX:GXM:CA) Leads TSX Venture Basic Materials Laggards with Drop of 22.22% on January 13

Geodex Minerals Ltd. (CDX:GXM:CA) Leads TSX Venture Basic Materials Laggards with Drop of 22.22% on January 13

In sliding 22.22%, Geodex Minerals Ltd. (CDX:GXM: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 $0.09, shares of GXM:CA opened this morning at $0.07 and closed the day at $0.07. Throughout the day, about 1,000 shares changed hands, compared to an average 30-day volume of 1,331 for Geodex Minerals Ltd.. Shares moved as high as $0.07 and as low as $0.07 in today’s trading action.

The share depreciation gives the company a market capitalization of $250,184 based upon 2.78 million shares outstanding.

In the past 52 weeks, shares of Geodex Minerals Ltd. have traded as low as $0.05 and as high as $0.11. Technical traders will take note that at $0.07, shares of GXM:CA are trading above their 50-day moving average (MA) at $0.062 and below their 200-day MA at below $0.079. 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 $Geodex Mnrls?

Geodex Minerals Ltd is a mineral exploration company engaged in the acquisition and exploration of exploration and evaluation assets in Canada. The company is led by its CEO Gorden Glenn from its headquarters at 365 Bay Street.

For more information on Geodex Mnrls and other companies trading on the TSX Venture Exchange, as well as other Canadian and American stock exchanges, or to be considered for contributing content for our distribution network, visit FinancialPress.com today.

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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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