With an advance of 16.67%, Stakeholder Gold Corp. (CDX:SRC:CA) was one of the best performing basic material stocks listed on the TSX Venture on February 16. After closing the previous session at $0.24, shares of SRC:CA opened this morning at $0.28 and closed the day at $0.28. Throughout the day, about 107,000 shares changed hands, compared to an average 30-day volume of 29,434 for Stakeholder Gold Corp.. Shares moved as high as $0.3 and as low as $0.245 in today’s trading action.
The share appreciation gives the company a market capitalization of $4.67 million based upon 19.44 million shares outstanding.
In the past 52 weeks, shares of Stakeholder Gold Corp. have traded as low as $0.135 and as high as $0.89. Technical traders will take note that at $0.28, shares of SRC:CA are trading above their 50-day moving average (MA) at $0.269 and below their 200-day MA at below $0.45. 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 $Stakeholder?
Stakeholder Gold Corp is a mining exploration company operating in Canada. The Company has optioned the Bass River Iron Oxide Copper Gold exploration project in central Nova Scotia. The company is led by its CEO Christopher Berlet from its headquarters at 121 Richmond Street West.
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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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