Home / Market Movers / Adamera Minerals Corp (CDX:ADZ:CA) Skids 2.56% in Early Trading on April 21 to Drag on TSX Venture Basic Materials Sector

Adamera Minerals Corp (CDX:ADZ:CA) Skids 2.56% in Early Trading on April 21 to Drag on TSX Venture Basic Materials Sector

Adamera Minerals Corp (CDX:ADZ:CA) came out weak at the opening of trading on April 21, outpacing most other peers in the basic materials sector listed on the TSX Venture Exchange with an early decline of 2.56%. After closing the previous session at $0.195, shares of ADZ:CA opened this morning at $0.19 and are currently trading at $0.19. So far, about 112,100 shares have changed hands, compared to an average 30-day volume of 1.02 million for Adamera Minerals Corp. Shares moved as high as $0.195 and as low as $0.19 in today’s early action.

The share depreciation gives the company a market capitalization of $18.87 million based upon 96.75 million shares outstanding.

In the past 52 weeks, shares of Adamera Minerals Corp have traded as low as $0.02 and as high as $0.23. Technical traders will take note that at $0.19, shares of ADZ:CA are trading above their 50-day moving average (MA) at $0.131 and above their 200-day MA at above $0.096. 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 $Adamera Mnrl?

Adamera Minerals Corp is engaged in the acquisition and exploration of mineral properties. Its projects include Poland China Historic Gold Mine, Empire Creek Gold Property, Talisman Historic Copper-Silver Mine, Flag Hill Mine, Oversight, among others. The company is led by its CEO Mark Kolebaba from its headquarters at 1111 Melville Street.

For more information on Adamera Mnrl 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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