With an advance of 10.53%, Highland Copper Company Inc. (CDX:HI:CA) was one of the best performing industrial goods sector stocks listed on the TSX Venture on January 13. After closing the previous session at $0.095, shares of HI:CA opened this morning at $0.105 and closed the day at $0.105. Throughout the day, about 11,000 shares changed hands, compared to an average 30-day volume of 38,789 for Highland Copper Company Inc.. Shares moved as high as $0.105 and as low as $0.105 in today’s trading action.
The share appreciation gives the company a market capitalization of $17.97 million based upon 189.2 million shares outstanding.
In the past 52 weeks, shares of Highland Copper Company Inc. have traded as low as $0.07 and as high as $0.17. Technical traders will take note that at $0.105, shares of HI:CA are trading below their 50-day moving average (MA) at $0.108 and above their 200-day MA at above $0.097. 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 $Highland Cop?
Highland Copper Co Inc is a mineral exploration company. It is engaged in the acquisition, exploration and development of mineral properties in Michigan, USA. The company is led by its CEO David A. Fennell from its headquarters at 1055 West Georgia 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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