Home / Market Movers / Mountain Boy Minerals Ltd. (CDX:MTB:CA) Advances 7.14% on February 16, Leads TSX Venture Basic Materials Sector

Mountain Boy Minerals Ltd. (CDX:MTB:CA) Advances 7.14% on February 16, Leads TSX Venture Basic Materials Sector

With an advance of 7.14%, Mountain Boy Minerals Ltd. (CDX:MTB:CA) was one of the best performing basic material stocks listed on the TSX Venture on February 16. After closing the previous session at $0.07, shares of MTB:CA opened this morning at $0.075 and closed the day at $0.075. Throughout the day, about 49,000 shares changed hands, compared to an average 30-day volume of 82,388 for Mountain Boy Minerals Ltd.. Shares moved as high as $0.075 and as low as $0.075 in today’s trading action.

The share appreciation gives the company a market capitalization of $9.47 million based upon 135.29 million shares outstanding.

In the past 52 weeks, shares of Mountain Boy Minerals Ltd. have traded as low as $0.01 and as high as $0.08. Technical traders will take note that at $0.075, shares of MTB:CA are trading above their 50-day moving average (MA) at $0.067 and above their 200-day MA at above $0.052. 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 $Mountain Boy?

Mountain Boy Minerals Ltd is an exploration stage company. The Company is engaged in the acquisition, exploration and evaluation of mineral properties located in the Provinces of British Columbia, Canada. The company is led by its CEO Frank Kamermans from its headquarters at 5th Avenue.

For more information on Mountain Boy 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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