In sliding 4.17%, Canamex Resources Corp. (CDX:CSQ:CA) was one of the worst performing stocks amongst TSX Venture Exchange-listed financial companies on February 16. After closing the previous session at $0.12, shares of CSQ:CA opened this morning at $0.115 and closed the day at $0.115. Throughout the day, about 154,500 shares changed hands, compared to an average 30-day volume of 66,347 for Canamex Resources Corp.. Shares moved as high as $0.115 and as low as $0.11 in today’s trading action.
The share depreciation gives the company a market capitalization of $18.54 million based upon 39.31 million shares outstanding.
In the past 52 weeks, shares of Canamex Resources Corp. have traded as low as $0.095 and as high as $0.3. Technical traders will take note that at $0.115, shares of CSQ:CA are trading below their 50-day moving average (MA) at $0.121 and below their 200-day MA at below $0.156. 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 $Canamex Res?
Canamex Resources Corp is engaged in acquiring mineral resource properties. The Company's gold exploration project are Bruner Gold project, Nye County, and Nevada. The company is led by its CEO Mark Anthony Billings from its headquarters at 595 Howe 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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