Home / Market Movers / Search Minerals Inc (CDX:SMY:CA) Surges 5.88% in Early Trading on April 21 to Lead TSX Venture Basic Materials Stocks

Search Minerals Inc (CDX:SMY:CA) Surges 5.88% in Early Trading on April 21 to Lead TSX Venture Basic Materials Stocks

Search Minerals Inc (CDX:SMY: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 5.88%. After closing the previous session at $0.085, shares of SMY:CA opened this morning at $0.09 and are currently trading at $0.09. So far, about 8,600 shares have changed hands, compared to an average 30-day volume of 29,077 for Search Minerals Inc. Shares moved as high as $0.09 and as low as $0.09 in today’s early action.

The share appreciation gives the company a market capitalization of $12.43 million based upon 146.22 million shares outstanding.

In the past 52 weeks, shares of Search Minerals Inc have traded as low as $0.055 and as high as $0.1. Technical traders will take note that at $0.09, shares of SMY:CA are trading above their 50-day moving average (MA) at $0.084 and above their 200-day MA at above $0.073. 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 $Search Mnrls?

Search Minerals Inc is a mineral exploration company. It is engaged in acquiring, exploring and evaluating mineral resource properties. Its projects include Port Hope Simpson Ree District and Red Wine project. The company is led by its CEO Greg Andrews from its headquarters at 901 West 3rd Street.


For more information on Search Mnrls 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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