Marlin Gold Mining Ltd (CDX:MLN: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 1.41%. After closing the previous session at $0.71, shares of MLN:CA opened this morning at $0.7 and are currently trading at $0.7. So far, about 7,000 shares have changed hands, compared to an average 30-day volume of 46,476 for Marlin Gold Mining Ltd. Shares moved as high as $0.7 and as low as $0.7 in today’s early action.
The share depreciation gives the company a market capitalization of $122.78 million based upon 172.93 million shares outstanding.
In the past 52 weeks, shares of Marlin Gold Mining Ltd have traded as low as $0.305 and as high as $0.75. Technical traders will take note that at $0.7, shares of MLN:CA are trading above their 50-day moving average (MA) at $0.641 and above their 200-day MA at above $0.59. 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 $Marlin Gld?
Marlin Gold Mining Ltd is engaged in the exploration for, development of and production of gold in Mexico, silver in Arizona and acquiring royalty streaming agreements. Its operating segments are exploration and development of mineral properties. The company is led by its CEO Akiba J. Leisman from its headquarters at 1199 West Hastings 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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