Home / Market Movers / Rochester Resources Ltd. (CDX:RCT:CA) Advances 11.11% on February 16, Leads TSX Venture Basic Materials Sector

Rochester Resources Ltd. (CDX:RCT:CA) Advances 11.11% on February 16, Leads TSX Venture Basic Materials Sector

With an advance of 11.11%, Rochester Resources Ltd. (CDX:RCT:CA) was one of the best performing basic material stocks listed on the TSX Venture on February 16. After closing the previous session at $0.045, shares of RCT:CA opened this morning at $0.05 and closed the day at $0.05. Throughout the day, about 10,000 shares changed hands, compared to an average 30-day volume of 6,713 for Rochester Resources Ltd.. Shares moved as high as $0.05 and as low as $0.05 in today’s trading action.

The share appreciation gives the company a market capitalization of $920,739 based upon 20.46 million shares outstanding.

In the past 52 weeks, shares of Rochester Resources Ltd. have traded as low as $0.025 and as high as $0.11. Technical traders will take note that at $0.05, shares of RCT:CA are trading below their 50-day moving average (MA) at $0.055 and below their 200-day MA at below $0.069. 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 $Rochester?

Rochester Resources Ltd is engaged in the investment in marketable securities, real estate ventures, real estate developments and providing consulting and office services. The company is led by its CEO Eduardo Luna Arellano from its headquarters at 1090 West Georgia 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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