Home / Market Movers / BonTerra Resources Inc. (CDX:BTR:CA) Surges 1.27% in Early Trading on April 21 to Lead TSX Venture Basic Materials Stocks

BonTerra Resources Inc. (CDX:BTR:CA) Surges 1.27% in Early Trading on April 21 to Lead TSX Venture Basic Materials Stocks

BonTerra Resources Inc. (CDX:BTR:CA) came out strong at the opening of trading on April 21, outpacing most other basic material sector peers listed on the TSX Venture Exchange with an early advance of 1.27%. After closing the previous session at $0.395, shares of BTR:CA opened this morning at $0.4 and are currently trading at $0.4. So far, about 203,590 shares have changed hands, compared to an average 30-day volume of 677,339 for BonTerra Resources Inc.. Shares moved as high as $0.4 and as low as $0.4 in today’s early action.

The share appreciation gives the company a market capitalization of $62.34 million based upon 157.81 million shares outstanding.

In the past 52 weeks, shares of BonTerra Resources Inc. have traded as low as $0.205 and as high as $0.47. Technical traders will take note that at $0.4, shares of BTR:CA are trading above their 50-day moving average (MA) at $0.36 and above their 200-day MA at above $0.321. 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 $Bonterra Res?

BonTerra Resources Inc is an exploration stage company engaged in acquisition, exploration and evaluation of mineral properties located in the provinces of British Columbia and Quebec, Canada. The company is led by its CEO Nav Dhaliwal from its headquarters at 744 West Hastings Street.

For more information on Bonterra Res 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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