With an advance of 15.38%, Platinex Inc. (CDX:PTX:CA) was one of the best performing basic material stocks listed on the TSX Venture on January 13. After closing the previous session at $0.195, shares of PTX:CA opened this morning at $0.225 and closed the day at $0.225. Throughout the day, about 1.03 million shares changed hands, compared to an average 30-day volume of 356,960 for Platinex Inc.. Shares moved as high as $0.235 and as low as $0.185 in today’s trading action.
The share appreciation gives the company a market capitalization of $14.08 million based upon 72.23 million shares outstanding.
In the past 52 weeks, shares of Platinex Inc. have traded as low as $0.005 and as high as $0.225. Technical traders will take note that at $0.225, shares of PTX:CA are trading above their 50-day moving average (MA) at $0.131 and above their 200-day MA at above $0.055. 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 $Platinex Inc?
Platinex Inc is a Canadian mining exploration company. The Company is engaged in the acquisition, exploration and development of mineral properties for mining of precious and base metals in Canada. The company is led by its CEO James R. Trusler from its headquarters at 20 William Roe Boulevard.
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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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