With an advance of 2.56%, Eagle Plains Resources Ltd. (CDX:EPL:CA) was one of the best performing basic material stocks listed on the TSX Venture on February 16. After closing the previous session at $0.195, shares of EPL:CA opened this morning at $0.2 and closed the day at $0.2. Throughout the day, about 364,288 shares changed hands, compared to an average 30-day volume of 167,564 for Eagle Plains Resources Ltd.. Shares moved as high as $0.22 and as low as $0.2 in today’s trading action.
The share appreciation gives the company a market capitalization of $16.43 million based upon 84.26 million shares outstanding.
In the past 52 weeks, shares of Eagle Plains Resources Ltd. have traded as low as $0.055 and as high as $0.2. Technical traders will take note that at $0.2, shares of EPL:CA are trading above their 50-day moving average (MA) at $0.155 and above their 200-day MA at above $0.141. 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 $Eagle Plains?
Eagle Plains Resources Ltd is a junior resource company. It holds properties located in British Columbia, Yukon, the Northwest Territories and Saskatchewan for the purpose of exploring for and the development of mineral resources. The company is led by its CEO Timothy J. Termuende from its headquarters at 44 – 12th Avenue South.
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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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