Home / Market Movers / Silver Mountain Mines Inc. (CDX:SMM:CA) Advances 16.67% on February 16, Leads TSX Venture Basic Materials Sector

Silver Mountain Mines Inc. (CDX:SMM:CA) Advances 16.67% on February 16, Leads TSX Venture Basic Materials Sector

With an advance of 16.67%, Silver Mountain Mines Inc. (CDX:SMM:CA) was one of the best performing basic material stocks listed on the TSX Venture on February 16. After closing the previous session at $0.03, shares of SMM:CA opened this morning at $0.035 and closed the day at $0.035. Throughout the day, about 22,000 shares changed hands, compared to an average 30-day volume of 41,547 for Silver Mountain Mines Inc.. Shares moved as high as $0.035 and as low as $0.035 in today’s trading action.

The share appreciation gives the company a market capitalization of $1.45 million based upon 48.25 million shares outstanding.

In the past 52 weeks, shares of Silver Mountain Mines Inc. have traded as low as $0.01 and as high as $0.05. Technical traders will take note that at $0.035, shares of SMM:CA are trading above their 50-day moving average (MA) at $0.031 and above their 200-day MA at above $0.026. 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 $Svr Mountain?

Silver Mountain Mines Inc is a Canadian based exploration and development company. It is engaged in the exploration of mineral properties mainly in British Columbia. The company is led by its CEO Steve Konopelky from its headquarters at 223 Riverview Circle South East.


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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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