Goldstrike Resources Ltd (CDX:GSR:CA) moved lower at the opening of trading on April 21, outpacing most other laggards in the miscellaneous sector of the TSX Venture Exchange by dropping 4.11%. After closing the previous session at $0.365, shares of GSR:CA opened this morning at $0.35 and are currently trading at $0.35. So far, about 36,200 shares have changed hands, compared to an average 30-day volume of 240,960 for Goldstrike Resources Ltd. Shares moved as high as $0.365 and as low as $0.35 in today’s early action.
The share depreciation gives the company a market capitalization of $62.02 million based upon 169.92 million shares outstanding.
In the past 52 weeks, shares of Goldstrike Resources Ltd have traded as low as $0.115 and as high as $0.43. Technical traders will take note that at $0.35, shares of GSR:CA are trading above their 50-day moving average (MA) at $0.293 and above their 200-day MA at above $0.24. 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 $Gldstrike Re?
Goldstrike Resources Ltd is a mineral exploration and development company. The Company acquires and explores exploration and evaluation assets. The company is led by its CEO Terrence King from its headquarters at 1111 West Georgia Street.
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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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