Home / Market Movers / Goldsource Mines Inc. (CDX:GXS:CA) Advances 7.89% on January 13, Leads TSX Venture Basic Materials Sector

Goldsource Mines Inc. (CDX:GXS:CA) Advances 7.89% on January 13, Leads TSX Venture Basic Materials Sector

With an advance of 7.89%, Goldsource Mines Inc. (CDX:GXS:CA) was one of the best performing basic material stocks listed on the TSX Venture on January 13. After closing the previous session at $0.19, shares of GXS:CA opened this morning at $0.205 and closed the day at $0.205. Throughout the day, about 80,127 shares changed hands, compared to an average 30-day volume of 207,792 for Goldsource Mines Inc.. Shares moved as high as $0.205 and as low as $0.195 in today’s trading action.

The share appreciation gives the company a market capitalization of $26.74 million based upon 140.73 million shares outstanding.

In the past 52 weeks, shares of Goldsource Mines Inc. have traded as low as $0.16 and as high as $0.57. Technical traders will take note that at $0.205, shares of GXS:CA are trading below their 50-day moving average (MA) at $0.235 and below their 200-day MA at below $0.366. 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 $Goldsource?

Goldsource Mines Inc is a Canadian resource company engaged in development and exploration. Its properties include Eagle Mountain Gold Project in Guyana, South America. Its other mineral interests consist of coal exploration properties. The company is led by its CEO from its headquarters at 570 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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