With an advance of 6.06%, NorthIsle Copper and Gold Inc. (CDX:NCX:CA) was one of the best performing basic material stocks listed on the TSX Venture on January 13. After closing the previous session at $0.165, shares of NCX:CA opened this morning at $0.175 and closed the day at $0.175. Throughout the day, about 305,850 shares changed hands, compared to an average 30-day volume of 309,805 for NorthIsle Copper and Gold Inc.. Shares moved as high as $0.175 and as low as $0.17 in today’s trading action.
The share appreciation gives the company a market capitalization of $17.34 million based upon 105.11 million shares outstanding.
In the past 52 weeks, shares of NorthIsle Copper and Gold Inc. have traded as low as $0.015 and as high as $0.185. Technical traders will take note that at $0.175, shares of NCX:CA are trading above their 50-day moving average (MA) at $0.105 and above their 200-day MA at above $0.078. 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 $NthIsle Copp?
NorthIsle Copper and Gold Inc is a Vancouver based resource company engaged in the exploration and development of the North Island Project on Vancouver Island. The company is led by its CEO John Mcclintock from its headquarters at 570 Granville 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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