Home / Market Movers / Golden Valley Mines Ltd. (CDX:GZZ:CA) Advances 1.23% on January 13, Leads TSX Venture Basic Materials Sector

Golden Valley Mines Ltd. (CDX:GZZ:CA) Advances 1.23% on January 13, Leads TSX Venture Basic Materials Sector

With an advance of 1.23%, Golden Valley Mines Ltd. (CDX:GZZ:CA) was one of the best performing basic material stocks listed on the TSX Venture on January 13. After closing the previous session at $0.405, shares of GZZ:CA opened this morning at $0.41 and closed the day at $0.41. Throughout the day, about 104,300 shares changed hands, compared to an average 30-day volume of 104,860 for Golden Valley Mines Ltd.. Shares moved as high as $0.41 and as low as $0.4 in today’s trading action.

The share appreciation gives the company a market capitalization of $47.02 million based upon 116.1 million shares outstanding.

In the past 52 weeks, shares of Golden Valley Mines Ltd. have traded as low as $0.08 and as high as $0.415. Technical traders will take note that at $0.41, shares of GZZ:CA are trading above their 50-day moving average (MA) at $0.333 and above their 200-day MA at above $0.279. 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 $Gldn Valley?

Golden Valley Mines Ltd along with its subsidiaries is engaged in the exploration and evaluation of minerals in Canada. It holds multiple property interests in gold, base-metal and energy mineral projects in Canada. The company is led by its CEO Glenn J. Mullan from its headquarters at 152, Chemin de la Mine École.

For more information on Gldn Valley 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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