In sliding 5.56%, Skeena Resources Limited (CDX:SKE: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 $0.09, shares of SKE:CA opened this morning at $0.085 and closed the day at $0.085. Throughout the day, about 474,250 shares changed hands, compared to an average 30-day volume of 510,831 for Skeena Resources Limited. Shares moved as high as $0.085 and as low as $0.085 in today’s trading action.
The share depreciation gives the company a market capitalization of $48.23 million based upon 535.88 million shares outstanding.
In the past 52 weeks, shares of Skeena Resources Limited have traded as low as $0.055 and as high as $0.2. Technical traders will take note that at $0.085, shares of SKE:CA are trading above their 50-day moving average (MA) at $0.08 and below their 200-day MA at below $0.106. 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 $Skeena Res L?
Skeena Resources Ltd is a exploration stage company. The Company in the exploration of mineral properties. The company is led by its CEO Walter Coles from its headquarters at 1021 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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