In sliding 3.51%, Otis Gold Corp. (CDX:OOO: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 $0.285, shares of OOO:CA opened this morning at $0.275 and closed the day at $0.275. Throughout the day, about 92,890 shares changed hands, compared to an average 30-day volume of 130,044 for Otis Gold Corp.. Shares moved as high as $0.29 and as low as $0.275 in today’s trading action.
The share depreciation gives the company a market capitalization of $37.16 million based upon 130.39 million shares outstanding.
In the past 52 weeks, shares of Otis Gold Corp. have traded as low as $0.08 and as high as $0.42. Technical traders will take note that at $0.275, shares of OOO:CA are trading above their 50-day moving average (MA) at $0.258 and above their 200-day MA at above $0.233. 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 $Otis Gold?
Otis Gold Corp is a gold exploration company. It is engaged in the acquisition of rights to explore for minerals and the exploration of acquired rights. Its assets are located in Idaho, USA. The company is led by its CEO Craig Lindsay from its headquarters at 888 Dunsmuir 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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