September 16, 2016 - 10:09 AM EDT
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Midday Alert: BRS Resources Ltd. (CDX:BRS:CA) Pressures TSX Venture Basic Materials Stocks with 16.67% Decline in Morning Trading on September 15

BRS Resources Ltd. (CDX:BRS:CA) is amongst the weakest basic materials stocks listed on the TSX Venture Exchange through noon on September 15, with a fall of 16.67%. After closing the previous session at $0.03, shares of BRS:CA opened this morning at $0.025 and are currently trading at $0.025. At the lunch break, about 5,263 shares have changed hands, compared to an average 30-day volume of 26,284 for BRS Resources Ltd.. Shares moved as high as $0.025 and as low as $0.025 in today’s morning action. The share depreciation gives the company a market capitalization of $3.66 million based upon 121.88 million shares outstanding. In the past 52 weeks, shares of BRS Resources Ltd. have traded as low as $0.02 and as high as $0.05. Technical traders will take note that at $0.025, shares of BRS:CA are trading below their 50-day moving average (MA) at $0.025 and below their 200-day MA at below $0.026. 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 $BRS Res Ltd? BRS Resources Ltd is engaged in production, exploration and acquisition of petroleum and natural gas properties in Italy. The company is led by its CEO Byron K. Coulthard from its headquarters at 510 Burrard Stree. For more information on BRS Res Ltd 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. All data provided by QuoteMedia, with stock data accurate as of 12:00 PM ET. FinancialPress.com is not responsible for inaccuracies in third-party supplied information. 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. About FinancialPress.com FinancialPress.com is a leading publisher of market and investment news, commentary, proprietary research and videos from seasoned journalists, analysts and contributors covering the financial markets and global economies. Leveraging our extensive distribution network and social media presence, we have cultivated a valuable audience of engaged market enthusiasts, which in turn delivers a variety of unique opportunities for industry partnerships, corporate communications, market exposure and investment. A complete disclaimer can be viewed here.


Source: Financial Press News (September 16, 2016 - 10:09 AM EDT)

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