Home / Market Movers / Belmont Resources Inc. (CDX:BEA:CA) Falls 7.69% on February 16, Pacing TSX Venture Industrial Goods Laggards

Belmont Resources Inc. (CDX:BEA:CA) Falls 7.69% on February 16, Pacing TSX Venture Industrial Goods Laggards

In sliding 7.69%, Belmont Resources Inc. (CDX:BEA:CA) was one of the worst performing stocks amongst TSX Venture Exchange-listed industrial goods companies on February 16. After closing the previous session at $0.065, shares of BEA:CA opened this morning at $0.06 and closed the day at $0.06. Throughout the day, about 1.38 million shares changed hands, compared to an average 30-day volume of 58,263 for Belmont Resources Inc.. Shares moved as high as $0.06 and as low as $0.055 in today’s trading action.

The share depreciation gives the company a market capitalization of $2.3 million based upon 35.4 million shares outstanding.

In the past 52 weeks, shares of Belmont Resources Inc. have traded as low as $0.03 and as high as $0.12. Technical traders will take note that at $0.06, shares of BEA:CA are trading above their 50-day moving average (MA) at $0.055 and below their 200-day MA at below $0.07. 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 $Belmont Res?

Belmont Resources Inc is engaged in acquisition and exploration of mineral properties in Canada. The company is led by its CEO Vojtech Agyagos from its headquarters at 625 Howe Street.

For more information on Belmont Res 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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