In sliding 12.5%, Masuparia Gold Corporation (CDX:MAS: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 $0.04, shares of MAS:CA opened this morning at $0.035 and closed the day at $0.035. Throughout the day, about 71,000 shares changed hands, compared to an average 30-day volume of 14,280 for Masuparia Gold Corporation. Shares moved as high as $0.035 and as low as $0.035 in today’s trading action.
The share depreciation gives the company a market capitalization of $1.28 million based upon 31.9 million shares outstanding.
In the past 52 weeks, shares of Masuparia Gold Corporation have traded as low as $0.03 and as high as $0.06. Technical traders will take note that at $0.035, shares of MAS:CA are trading below their 50-day moving average (MA) at $0.043 and below their 200-day MA at below $0.046. 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 $Masuparia Gl?
Masuparia Gold Corp is an exploration stage company. The Company is focused on exploration projects, with bulk tonnage gold deposits in one of Canada's emerging gold-producing regions, the La Ronge Gold Belt. The company is led by its CEO Ronald K. Netolitzky from its headquarters at 650 – 1021 West Hastings Street.
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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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