In sliding 25.0%, Argentum Silver Corp. (CDX:ASL:CA) was one of the worst performing stocks in the miscellaneous sector of the TSX Venture Exchange on February 16. After closing the previous session at $0.5, shares of ASL:CA opened this morning at $0.375 and closed the day at $0.375. Throughout the day, about 6,000 shares changed hands, compared to an average 30-day volume of 19,700 for Argentum Silver Corp.. Shares moved as high as $0.465 and as low as $0.375 in today’s trading action.
The share depreciation gives the company a market capitalization of $14.1 million based upon 28.2 million shares outstanding.
In the past 52 weeks, shares of Argentum Silver Corp. have traded as low as $0.025 and as high as $0.5. Technical traders will take note that at $0.375, shares of ASL:CA are trading above their 50-day moving average (MA) at $0.276 and above their 200-day MA at above $0.191. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move beneath or holding under them is typically regarded as bearish.
Who is $Argentum Svr?
Argentum Silver Corp along with its subsidiaries is engaged in the acquisition, exploration and development of mineral properties. It currently has two land packages in Jalisco and two in Oaxaca. The company is led by its CEO Geoff Balderson from its headquarters at 409 Granville 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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