Home / Market Movers / TSX Composite Materials Stocks Get Lift from 1.15% Advance in Shares of Kinross Gold Corporation (K:CA) on January 13

TSX Composite Materials Stocks Get Lift from 1.15% Advance in Shares of Kinross Gold Corporation (K:CA) on January 13

Kinross Gold Corporation (K:CA) was one of the best stocks in materials sector of the S&P/TSX Composite Index on January 13, rising 1.15% to close the day at $4.41 after closing the day prior at $4.36. Throughout the day, shares of K:CA traded as high as $4.42 and as low as $4.24. Today’s advance came with about 4.3 million shares changing hands, compared to an average 30-day volume of 5.87 million for Kinross Gold Corporation. The price is currently below the 30-day volume weighted average price of $4.36 for K:CA.

The share appreciation gives the company a market capitalization of $5.43 billion based upon 1.25 billion shares outstanding. It also means that Kinross Gold Cor has a price-to-book ratio of 0.97:1 and a price-to-earnings ratio of :1.

In the past 52 weeks, shares of K:CA have traded as low as $1.91 and as high as $7.56. Technical traders will take note that at $4.41, shares of K:CA are trading below their 200-day MA at $5.64 and below their 50-day MA at $4.53. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move through or holding above them is typically regarded as bullish.

Who is Kinross Gold Cor?

Kinross Gold Corp is a gold mining company. It is engaged in gold mining and related activities, including exploration and acquisition of gold-bearing properties, extraction and processing of gold-containing ore and reclamation of gold mining properties. The company’s 9170 employees are led by CEO J. Paul Rollinson from the corporate headquarters at 25 York Street.

What is the S&P/TSX Composite Index?

Developed and managed by S&P Dow Jones Indices and launched in January 1977, the S&P/TSX Composite is the headline index for the Canadian equity market. Generally, when investors refer to movement in the Canadian markets, they are referring to the S&P/TSX Composite, as it is the broadest index in the S&P/TSX franchise. The index includes more than 230 of the biggest companies traded on the Toronto Stock Exchange, with financials making up the most heavily weighted sector in the index, followed by energy and materials. The Toronto Stock Exchange serves as the distributor of both real-time and historical data for this index.

For more information on Kinross Gold Cor and other companies trading on the major exchanges, as well as the over the counter markets, or to be considered for contributing content for our distribution network, visit FinancialPress.com today.

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