Home / Market Movers / Matamec Explorations Inc. (CDX:MAT:CA) Advances 11.11% on January 13, Leads TSX Venture Basic Materials Sector

Matamec Explorations Inc. (CDX:MAT:CA) Advances 11.11% on January 13, Leads TSX Venture Basic Materials Sector

With an advance of 11.11%, Matamec Explorations Inc. (CDX:MAT:CA) was one of the best performing basic material stocks listed on the TSX Venture on January 13. After closing the previous session at $0.045, shares of MAT:CA opened this morning at $0.05 and closed the day at $0.05. Throughout the day, about 15,000 shares changed hands, compared to an average 30-day volume of 49,255 for Matamec Explorations Inc.. Shares moved as high as $0.05 and as low as $0.05 in today’s trading action.

The share appreciation gives the company a market capitalization of $6.16 million based upon 136.97 million shares outstanding.

In the past 52 weeks, shares of Matamec Explorations Inc. have traded as low as $0.02 and as high as $0.105. Technical traders will take note that at $0.05, shares of MAT:CA are trading below their 50-day moving average (MA) at $0.051 and below their 200-day MA at below $0.055. 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 $Matamec?

Matamec Explorations Inc is a mineral exploration company. The Company is engaged in exploration of precious metals, base metals, rare metals and rare earths. The company is led by its CEO Andre Gauthier from its headquarters at 1010 Sherbrooke Ouest.


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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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