Midday Alert: International Frontier Resources Corp. (CDX:IFR:CA) Pressures TSX Venture Basic Materials Stocks with 2.86% Decline in Morning Trading on January 18

International Frontier Resources Corp. (CDX:IFR:CA) is amongst the weakest basic materials stocks listed on the TSX Venture Exchange through noon on January 18, with a fall of 2.86%. After closing the previous session at $0.35, shares of IFR:CA opened this morning at $0.34 and are currently trading at $0.34. At the lunch break, about 283,982 shares have changed hands, compared to an average 30-day volume of 114,403 for International Frontier Resources Corp.. Shares moved as high as $0.36 and as low as $0.335 in today’s morning action. The share depreciation gives the company a market capitalization of $35.24 million based upon 100.69 million shares outstanding. In the past 52 weeks, shares of International Frontier Resources Corp. have traded as low as $0.065 and as high as $0.35. Technical traders will take note that at $0.34, shares of IFR:CA are trading above their 50-day moving average (MA) at $0.249 and above their 200-day MA at above $0.19. 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 $Intl Frontie? International Frontier Resources Corp is engaged in the exploration for & development of oil & natural gas reserves in Central Mackenzie Valley (CMV), Northwest Territories, Canada, south east Alberta, Canada, and north-west Montana in the USA. The company is led by its CEO Wm Patrick Boswell from its headquarters at 601, 10 Avenue S. W.. For more information on Intl Frontie 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. If you like this article, you can read more at FinancialPress.com