With an advance of 26.32%, Wolverine Minerals Corp. (CDX:WLV:CA) was one of the best performing basic material stocks listed on the TSX Venture on February 16. After closing the previous session at $0.095, shares of WLV:CA opened this morning at $0.12 and closed the day at $0.12. Throughout the day, about 38,450 shares changed hands, compared to an average 30-day volume of 22,191 for Wolverine Minerals Corp.. Shares moved as high as $0.125 and as low as $0.1 in today’s trading action.
The share appreciation gives the company a market capitalization of $2.93 million based upon 30.88 million shares outstanding.
In the past 52 weeks, shares of Wolverine Minerals Corp. have traded as low as $0.06 and as high as $0.175. Technical traders will take note that at $0.12, shares of WLV:CA are trading above their 50-day moving average (MA) at $0.082 and above their 200-day MA at above $0.101. 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 $Wolverine Mn?
Wolverine Minerals Corp acquires, explores, and develops mineral properties located in Canada. The Company holds interests in GoldKing Property. The company is led by its CEO Thomas Doyle from its headquarters at 555 Burrard Street, Two Bentall Centre.
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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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