Home / Market Movers / Pacific Bay Minerals Ltd. (CDX:PBM:CA) Advances 22.22% on January 13, Leads TSX Venture Basic Materials Sector

Pacific Bay Minerals Ltd. (CDX:PBM:CA) Advances 22.22% on January 13, Leads TSX Venture Basic Materials Sector

With an advance of 22.22%, Pacific Bay Minerals Ltd. (CDX:PBM: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 PBM:CA opened this morning at $0.055 and closed the day at $0.055. Throughout the day, about 28,500 shares changed hands, compared to an average 30-day volume of 13,597 for Pacific Bay Minerals Ltd.. Shares moved as high as $0.055 and as low as $0.055 in today’s trading action.

The share appreciation gives the company a market capitalization of $1.54 million based upon 34.31 million shares outstanding.

In the past 52 weeks, shares of Pacific Bay Minerals Ltd. have traded as low as $0.03 and as high as $0.085. Technical traders will take note that at $0.055, shares of PBM:CA are trading above their 50-day moving average (MA) at $0.035 and above their 200-day MA at above $0.051. 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 $Pac Bay Mnrl?

Pacific Bay Minerals Ltd is engaged in the acquisition, exploration and evaluation of uranium, precious and base metal mineral properties in Argentina and Canada. The company is led by its CEO David Brett from its headquarters at 510 West Hasting 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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