With an advance of 3.23%, Terraco Gold Corp. (CDX:TEN:CA) was one of the best performing basic material stocks listed on the TSX Venture on February 16. After closing the previous session at $0.155, shares of TEN:CA opened this morning at $0.16 and closed the day at $0.16. Throughout the day, about 72,500 shares changed hands, compared to an average 30-day volume of 100,573 for Terraco Gold Corp.. Shares moved as high as $0.16 and as low as $0.145 in today’s trading action.
The share appreciation gives the company a market capitalization of $22.64 million based upon 146.06 million shares outstanding.
In the past 52 weeks, shares of Terraco Gold Corp. have traded as low as $0.09 and as high as $0.19. Technical traders will take note that at $0.16, shares of TEN:CA are trading above their 50-day moving average (MA) at $0.134 and above their 200-day MA at above $0.148. 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 $Terraco Gld?
Terraco Gold Corp is a precious metal exploration and royalty company. It is engaged in the acquisition and exploration of mineral properties and acquisition of royalty assets. Its projects include Moonlight project, Bonanza project, and among others. The company is led by its CEO Todd Hilditch from its headquarters at 2390-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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