With an advance of 10.0%, Klondike Gold Corp. (CDX:KG:CA) was one of the best performing basic material stocks listed on the TSX Venture on February 16. After closing the previous session at $0.2, shares of KG:CA opened this morning at $0.22 and closed the day at $0.22. Throughout the day, about 260,401 shares changed hands, compared to an average 30-day volume of 98,438 for Klondike Gold Corp.. Shares moved as high as $0.24 and as low as $0.205 in today’s trading action.
The share appreciation gives the company a market capitalization of $10.8 million based upon 53.99 million shares outstanding.
In the past 52 weeks, shares of Klondike Gold Corp. have traded as low as $0.13 and as high as $0.45. Technical traders will take note that at $0.22, shares of KG:CA are trading above their 50-day moving average (MA) at $0.174 and below their 200-day MA at below $0.237. 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 $Klondike Gld?
Klondike Gold Corp is a resource exploration company. It is engaged in mineral exploration which includes conventional prospecting, geological and geophysical surveys, applied research and core drilling. The company is led by its CEO Peter Tallman from its headquarters at 595 Burrard 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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