With a decline of 2.44%, Natan Resources Ltd. (CDX:NRL:CA) was one of the worst performing conglomerate-sector stocks trading on the TSX Venture Exchange on January 13. After closing the previous session at $0.205, shares of NRL:CA opened this morning at $0.2 and closed the day at $0.2. Throughout the day, about 60,500 shares changed hands, compared to an average 30-day volume of 213,448 for Natan Resources Ltd.. Shares moved as high as $0.205 and as low as $0.2 in today’s trading action.
The share depreciation gives the company a market capitalization of $6.06 million based upon 29.54 million shares outstanding.
In the past 52 weeks, shares of Natan Resources Ltd. have traded as low as $0.05 and as high as $0.395. Technical traders will take note that at $0.2, shares of NRL:CA are trading below their 50-day moving average (MA) at $0.208 and above their 200-day MA at above $0.194. 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 $Natan Res?
Natan Resources Ltd is engaged in the acquisition, exploration and development of mineral properties located in Arizona, USA. The company is led by its CEO Michael Blady from its headquarters at 1177 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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