Zephyr Minerals Ltd. (CDX:ZFR: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 2.86%. After closing the previous session at $0.35, shares of ZFR:CA opened this morning at $0.34 and are currently trading at $0.34. So far, about 20,500 shares have changed hands, compared to an average 30-day volume of 10,750 for Zephyr Minerals Ltd.. Shares moved as high as $0.34 and as low as $0.34 in today’s early action.
The share depreciation gives the company a market capitalization of $12.26 million based upon 35.03 million shares outstanding.
In the past 52 weeks, shares of Zephyr Minerals Ltd. have traded as low as $0.19 and as high as $0.42. Technical traders will take note that at $0.34, shares of ZFR:CA are trading below their 50-day moving average (MA) at $0.352 and below their 200-day MA at below $0.352. 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 $Zephyr Mnrls?
Zephyr Minerals Ltd is a gold exploration and development company which is focused on advancing its flagship Dawson Gold Project in Colorado, USA. The company is led by its CEO Loren Komperdo from its headquarters at 1300-1959 Upper Water 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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