With an advance of 3.8%, Critical Elements Corporation (CDX:CRE:CA) was one of the best performing basic material stocks listed on the TSX Venture on February 16. After closing the previous session at $0.79, shares of CRE:CA opened this morning at $0.82 and closed the day at $0.82. Throughout the day, about 768,754 shares changed hands, compared to an average 30-day volume of 472,979 for Critical Elements Corporation. Shares moved as high as $0.84 and as low as $0.8 in today’s trading action.
The share appreciation gives the company a market capitalization of $114.69 million based upon 145.17 million shares outstanding.
In the past 52 weeks, shares of Critical Elements Corporation have traded as low as $0.145 and as high as $0.8. Technical traders will take note that at $0.82, shares of CRE:CA are trading above their 50-day moving average (MA) at $0.591 and above their 200-day MA at above $0.553. 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 $Critical Ele?
Critical Elements Corp is a mining exploration company operating in Canada. It is engaged in acquisition, exploration and development of mining properties. The company is led by its CEO Jean-Sebastien Lavallee from its headquarters at 1080, Cote du Beaver Hall.
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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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