Home / Market Movers / Rye Patch Gold Corp. (CDX:RPM:CA) Advances 6.45% on February 16, Leads TSX Venture Basic Materials Sector

Rye Patch Gold Corp. (CDX:RPM:CA) Advances 6.45% on February 16, Leads TSX Venture Basic Materials Sector

With an advance of 6.45%, Rye Patch Gold Corp. (CDX:RPM:CA) was one of the best performing basic material stocks listed on the TSX Venture on February 16. After closing the previous session at $0.31, shares of RPM:CA opened this morning at $0.33 and closed the day at $0.33. Throughout the day, about 669,884 shares changed hands, compared to an average 30-day volume of 587,037 for Rye Patch Gold Corp.. Shares moved as high as $0.34 and as low as $0.315 in today’s trading action.

The share appreciation gives the company a market capitalization of $120.06 million based upon 387.3 million shares outstanding.

In the past 52 weeks, shares of Rye Patch Gold Corp. have traded as low as $0.15 and as high as $0.47. Technical traders will take note that at $0.33, shares of RPM:CA are trading above their 50-day moving average (MA) at $0.283 and above their 200-day MA at above $0.316. 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 $Rye Patch Gl?

Rye Patch Gold Corp is an exploration stage company engaged in exploration & development of mineral properties. Its projects include the Lincoln Hill gold / silver property & the adjacent Independence Hill & Gold Ridge exploration targets in Nevada. The company is led by its CEO William Howald from its headquarters at 1177 West Hastings 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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