With an advance of 2.38%, Rockhaven Resources Ltd. (CDX:RK:CA) was one of the best performing basic material stocks listed on the TSX Venture on January 13. After closing the previous session at $0.21, shares of RK:CA opened this morning at $0.215 and closed the day at $0.215. Throughout the day, about 13,500 shares changed hands, compared to an average 30-day volume of 81,396 for Rockhaven Resources Ltd.. Shares moved as high as $0.215 and as low as $0.21 in today’s trading action.
The share appreciation gives the company a market capitalization of $24.87 million based upon 118.41 million shares outstanding.
In the past 52 weeks, shares of Rockhaven Resources Ltd. have traded as low as $0.11 and as high as $0.29. Technical traders will take note that at $0.215, shares of RK:CA are trading above their 50-day moving average (MA) at $0.177 and above their 200-day MA at above $0.204. 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 $Rockhaven?
Rockhaven Resources Ltd is a mineral exploration company. It is engaged in acquisition, exploration & evaluation of mineral property interests located in Canada. Its project includes Klaza project, Mt. Hinton Project, Ruby Range Gold and Plata Project. The company is led by its CEO Matthew Turner from its headquarters at 510 West Hastings 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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