Home / Market Movers / Ucore Rare Metals Inc. (CDX:UCU:CA) Advances 1.43% on February 16, Leads TSX Venture Basic Materials Sector

Ucore Rare Metals Inc. (CDX:UCU:CA) Advances 1.43% on February 16, Leads TSX Venture Basic Materials Sector

With an advance of 1.43%, Ucore Rare Metals Inc. (CDX:UCU:CA) was one of the best performing basic material stocks listed on the TSX Venture on February 16. After closing the previous session at $0.35, shares of UCU:CA opened this morning at $0.355 and closed the day at $0.355. Throughout the day, about 103,647 shares changed hands, compared to an average 30-day volume of 127,271 for Ucore Rare Metals Inc.. Shares moved as high as $0.355 and as low as $0.345 in today’s trading action.

The share appreciation gives the company a market capitalization of $94.55 million based upon 270.14 million shares outstanding.

In the past 52 weeks, shares of Ucore Rare Metals Inc. have traded as low as $0.27 and as high as $0.445. Technical traders will take note that at $0.355, shares of UCU:CA are trading above their 50-day moving average (MA) at $0.327 and above their 200-day MA at above $0.354. 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 $Ucore Rare M?

Ucore Rare Metals Inc is engaged in the exploration for rare earth elements. Its project properties includes; Bokan Mountain, Ray Mountains, Seagull Tin and Sandybeach Lake. The company is led by its CEO James McKenzie from its headquarters at 210 Waterfront Drive.

For more information on Ucore Rare M and other companies trading on the TSX Venture Exchange, as well as other Canadian and American stock exchanges, or to be considered for contributing content for our distribution network, visit FinancialPress.com today.

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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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