In sliding 2.17%, Kincora Copper Limited (CDX:KCC: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 $0.46, shares of KCC:CA opened this morning at $0.45 and closed the day at $0.45. Throughout the day, about 18,000 shares changed hands, compared to an average 30-day volume of 21,719 for Kincora Copper Limited. Shares moved as high as $0.46 and as low as $0.44 in today’s trading action.
The share depreciation gives the company a market capitalization of $22.37 million based upon 48.62 million shares outstanding.
In the past 52 weeks, shares of Kincora Copper Limited have traded as low as $0.15 and as high as $0.55. Technical traders will take note that at $0.45, shares of KCC:CA are trading above their 50-day moving average (MA) at $0.449 and above their 200-day MA at above $0.371. 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 $Kincora Copp?
Kincora Copper Ltd is a mineral exploration company. The Company is engaged in the acquisition and exploration of exploration and evaluation assets. Its property includes the Bronze Fox copper-gold deposit located in southeast Mongolia. The company is led by its CEO Jonathan Spring from its headquarters at 1199 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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