Home / Market Movers / Rambler Metals and Mining plc (CDX:RAB:CA) Advances 10.0% on February 16, Leads TSX Venture Basic Materials Sector

Rambler Metals and Mining plc (CDX:RAB:CA) Advances 10.0% on February 16, Leads TSX Venture Basic Materials Sector

With an advance of 10.0%, Rambler Metals and Mining plc (CDX:RAB:CA) was one of the best performing basic material stocks listed on the TSX Venture on February 16. After closing the previous session at $0.15, shares of RAB:CA opened this morning at $0.165 and closed the day at $0.165. Throughout the day, about 39,680 shares changed hands, compared to an average 30-day volume of 25,828 for Rambler Metals and Mining plc. Shares moved as high as $0.165 and as low as $0.16 in today’s trading action.

The share appreciation gives the company a market capitalization of $62.14 million based upon 414.29 million shares outstanding.

In the past 52 weeks, shares of Rambler Metals and Mining plc have traded as low as $0.05 and as high as $0.16. Technical traders will take note that at $0.165, shares of RAB:CA are trading above their 50-day moving average (MA) at $0.145 and above their 200-day MA at above $0.102. 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 $Rambler Mtls?

Rambler Metals and Mining PLC is engaged in the development, mining and exploration of the Ming Copper-Gold Mine located in Newfoundland and Labrador and the exploration and development of other strategic properties within the immediate area. The company is led by its CEO Norman Patrick Williams from its headquarters at 19 Cedar Road.

For more information on Rambler Mtls 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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