Home / Market Movers / Pacific Imperial Mines Inc. (CDX:PPM:CA) Advances 16.67% on January 13, Leads TSX Venture Basic Materials Sector

Pacific Imperial Mines Inc. (CDX:PPM:CA) Advances 16.67% on January 13, Leads TSX Venture Basic Materials Sector

With an advance of 16.67%, Pacific Imperial Mines Inc. (CDX:PPM:CA) was one of the best performing basic material stocks listed on the TSX Venture on January 13. After closing the previous session at $0.03, shares of PPM:CA opened this morning at $0.035 and closed the day at $0.035. Throughout the day, about 1,000 shares changed hands, compared to an average 30-day volume of 45,667 for Pacific Imperial Mines Inc.. Shares moved as high as $0.035 and as low as $0.035 in today’s trading action.

The share appreciation gives the company a market capitalization of $1.58 million based upon 52.67 million shares outstanding.

In the past 52 weeks, shares of Pacific Imperial Mines Inc. have traded as low as $0.005 and as high as $0.045. Technical traders will take note that at $0.035, shares of PPM:CA are trading above their 50-day moving average (MA) at $0.025 and above their 200-day MA at above $0.026. 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 Imperial?

Pacific Imperial Mines Inc is engaged in the identification, evaluation and acquisition of mineral properties, as well as exploration of mineral properties once acquired. The company is led by its CEO Herman Leo King from its headquarters at 800 West Pender Street.

For more information on Pac Imperial and other companies trading on the TSX Venture Exchange, as well as other Canadian and American stock exchanges, or to be considered for contributing content for our distribution network, visit FinancialPress.com today.

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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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