Home / Market Movers / Waseco Resources Inc. (CDX:WRI:CA) Advances 23.08% on February 16, Leads TSX Venture Basic Materials Sector

Waseco Resources Inc. (CDX:WRI:CA) Advances 23.08% on February 16, Leads TSX Venture Basic Materials Sector

With an advance of 23.08%, Waseco Resources Inc. (CDX:WRI:CA) was one of the best performing basic material stocks listed on the TSX Venture on February 16. After closing the previous session at $0.065, shares of WRI:CA opened this morning at $0.08 and closed the day at $0.08. Throughout the day, about 51,000 shares changed hands, compared to an average 30-day volume of 41,703 for Waseco Resources Inc.. Shares moved as high as $0.08 and as low as $0.065 in today’s trading action.

The share appreciation gives the company a market capitalization of $2.62 million based upon 40.27 million shares outstanding.

In the past 52 weeks, shares of Waseco Resources Inc. have traded as low as $0.015 and as high as $0.12. Technical traders will take note that at $0.08, shares of WRI:CA are trading above their 50-day moving average (MA) at $0.077 and above their 200-day MA at above $0.065. 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 $Waseco Ress?

Waseco Resources Inc is an exploration stage company. The Company is engaged in the gold exploration of prospects in Nevada, Ontario and Quebec, Canada. The company is led by its CEO Richard Williams from its headquarters at 2 Queen Street 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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