With an advance of 2.86%, Gowest Gold Ltd. (CDX:GWA:CA) was one of the best performing basic material stocks listed on the TSX Venture on January 13. After closing the previous session at $0.175, shares of GWA:CA opened this morning at $0.18 and closed the day at $0.18. Throughout the day, about 79,500 shares changed hands, compared to an average 30-day volume of 235,497 for Gowest Gold Ltd.. Shares moved as high as $0.18 and as low as $0.17 in today’s trading action.
The share appreciation gives the company a market capitalization of $52.05 million based upon 297.42 million shares outstanding.
In the past 52 weeks, shares of Gowest Gold Ltd. have traded as low as $0.055 and as high as $0.28. Technical traders will take note that at $0.18, shares of GWA:CA are trading above their 50-day moving average (MA) at $0.164 and above their 200-day MA at above $0.152. 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 $GoW Gld Ltd.?
Gowest Gold Ltd is a gold exploration & development company. The Company is engaged in the exploration & development of its Frankfield East Gold Deposit property located in Timmins, Ontario. The company is led by its CEO Gregory Romain from its headquarters at 80 Richmond Street West.
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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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