Home / Market Movers / Hornby Bay Mineral Exploration Ltd. (CDX:HBE:CA) Leads TSX Venture Basic Materials Laggards with Drop of 16.67% on January 13

Hornby Bay Mineral Exploration Ltd. (CDX:HBE:CA) Leads TSX Venture Basic Materials Laggards with Drop of 16.67% on January 13

In sliding 16.67%, Hornby Bay Mineral Exploration Ltd. (CDX:HBE:CA) was one of the worst performing stocks amongst TSX Venture Exchange-listed basic materials companies on January 13. After closing the previous session at $0.03, shares of HBE:CA opened this morning at $0.025 and closed the day at $0.025. Throughout the day, about 29,333 shares changed hands, compared to an average 30-day volume of 5,810 for Hornby Bay Mineral Exploration Ltd.. Shares moved as high as $0.03 and as low as $0.025 in today’s trading action.

The share depreciation gives the company a market capitalization of $1.74 million based upon 58.16 million shares outstanding.

In the past 52 weeks, shares of Hornby Bay Mineral Exploration Ltd. have traded as low as $0.025 and as high as $0.075. Technical traders will take note that at $0.025, shares of HBE:CA are trading below their 50-day moving average (MA) at $0.029 and below their 200-day MA at below $0.042. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move beneath or holding under them is typically regarded as bearish.

Who is $Hornby Bay?

Hornby Bay Mineral Exploration Ltd is a uranium exploration and development company. It is engaged in the exploration & evaluation of uranium mineral properties including HBME coppermine property and copper mountain mine located in Nunavut, Canada. The company is led by its CEO James M. Brady from its headquarters at 365 Bay Street.

For more information on Hornby Bay 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.

About FinancialPress.com

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