Home / Market Movers / Gold Reach Resources Ltd (CDX:GRV:CA) Surges 25.93% in Early Trading on April 21 to Lead TSX Venture Basic Materials Stocks

Gold Reach Resources Ltd (CDX:GRV:CA) Surges 25.93% in Early Trading on April 21 to Lead TSX Venture Basic Materials Stocks

Gold Reach Resources Ltd (CDX:GRV: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 25.93%. After closing the previous session at $0.135, shares of GRV:CA opened this morning at $0.17 and are currently trading at $0.17. So far, about 88,900 shares have changed hands, compared to an average 30-day volume of 14,583 for Gold Reach Resources Ltd. Shares moved as high as $0.17 and as low as $0.135 in today’s early action.

The share appreciation gives the company a market capitalization of $6.34 million based upon 46.98 million shares outstanding.

In the past 52 weeks, shares of Gold Reach Resources Ltd have traded as low as $0.09 and as high as $0.25. Technical traders will take note that at $0.17, shares of GRV:CA are trading above their 50-day moving average (MA) at $0.139 and above their 200-day MA at above $0.15. 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 $Gld Reach?

Gold Reach Resources Ltd is engaged in the acquisition, exploration and development of mineral properties in British Columbia. The company is led by its CEO Shane Ebert from its headquarters at 700 West Georgia Street.

For more information on Gld Reach 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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