In sliding 11.11%, Miranda Gold Corp. (CDX:MAD: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 $0.09, shares of MAD:CA opened this morning at $0.08 and closed the day at $0.08. Throughout the day, about 4,500 shares changed hands, compared to an average 30-day volume of 126,887 for Miranda Gold Corp.. Shares moved as high as $0.08 and as low as $0.08 in today’s trading action.
The share depreciation gives the company a market capitalization of $9.3 million based upon 103.38 million shares outstanding.
In the past 52 weeks, shares of Miranda Gold Corp. have traded as low as $0.065 and as high as $0.18. Technical traders will take note that at $0.08, shares of MAD:CA are trading above their 50-day moving average (MA) at $0.079 and below their 200-day MA at below $0.104. 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 $Miranda Gld?
Miranda Gold Corp is an exploration stage company. The Company is engaged in the acquisition, exploration and development of mineral properties. The company is led by its CEO Joseph Hebert from its headquarters at 15381 – 36th Avenue.
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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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