Home / Market Movers / Highbank Resources Ltd. (CDX:HBK:CA) Advances 12.5% on January 13, Leads TSX Venture Basic Materials Sector

Highbank Resources Ltd. (CDX:HBK:CA) Advances 12.5% on January 13, Leads TSX Venture Basic Materials Sector

With an advance of 12.5%, Highbank Resources Ltd. (CDX:HBK:CA) was one of the best performing basic material stocks listed on the TSX Venture on January 13. After closing the previous session at $0.04, shares of HBK:CA opened this morning at $0.045 and closed the day at $0.045. Throughout the day, about 210,000 shares changed hands, compared to an average 30-day volume of 79,816 for Highbank Resources Ltd.. Shares moved as high as $0.045 and as low as $0.045 in today’s trading action.

The share appreciation gives the company a market capitalization of $4.89 million based upon 122.22 million shares outstanding.

In the past 52 weeks, shares of Highbank Resources Ltd. have traded as low as $0.035 and as high as $0.105. Technical traders will take note that at $0.045, shares of HBK:CA are trading above their 50-day moving average (MA) at $0.043 and below their 200-day MA at below $0.054. 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 $Highbk Res?

Highbank Resources Ltd is engaged in acquisition and exploration of mineral properties in Canada. The company is led by its CEO James H. Place from its headquarters at 625 Howe Street.

For more information on Highbk Res 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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