Home / Market Movers / Majestic Gold Corp. (CDX:MJS:CA) Leads TSX Venture Basic Materials Laggards with Drop of 4.76% on January 13

Majestic Gold Corp. (CDX:MJS:CA) Leads TSX Venture Basic Materials Laggards with Drop of 4.76% on January 13

In sliding 4.76%, Majestic Gold Corp. (CDX:MJS: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 $0.105, shares of MJS:CA opened this morning at $0.1 and closed the day at $0.1. Throughout the day, about 568,500 shares changed hands, compared to an average 30-day volume of 258,209 for Majestic Gold Corp.. Shares moved as high as $0.105 and as low as $0.1 in today’s trading action.

The share depreciation gives the company a market capitalization of $88.18 million based upon 839.77 million shares outstanding.

In the past 52 weeks, shares of Majestic Gold Corp. have traded as low as $0.05 and as high as $0.11. Technical traders will take note that at $0.1, shares of MJS:CA are trading above their 50-day moving average (MA) at $0.066 and above their 200-day MA at above $0.068. 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 $Majestic Gld?

Majestic Gold Corp is a mining company. The Company is engaged in the exploration, development and operation of mining properties in China. Its project includes Songjiagou project. The company is led by its CEO Stephen Kenwood from its headquarters at 306 – 1688 152nd Street.

For more information on Majestic Gld 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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