Petrox Resources Corp. (CDX:PTC:CA) Paces TSX Venture Basic Materials Companies with 25.0% Gain in Morning Trading on January 18

Petrox Resources Corp. (CDX:PTC:CA) is amongst the strongest basic materials stocks listed on the TSX Venture Exchange through noon on January 18, with a climb of 25.0%. After closing the previous session at $0.02, shares of PTC:CA opened this morning at $0.025 and are currently trading at $0.025. At the lunch break, about 20,000 shares have changed hands, compared to an average 30-day volume of 56,667 for Petrox Resources Corp.. Shares moved as high as $0.025 and as low as $0.025 in today’s morning action. The share appreciation gives the company a market capitalization of $1.1 million based upon 55.13 million shares outstanding. In the past 52 weeks, shares of Petrox Resources Corp. have traded as low as $0.01 and as high as $0.03. Technical traders will take note that at $0.025, shares of PTC:CA are trading above their 50-day moving average (MA) at $0.014 and above their 200-day MA at above $0.012. 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 $Petrox Res? Petrox Resources Corp is an oil and gas company. The Company is engaged in the acquisition, exploration, development and production of petroleum and natural gas in Canada. The company is led by its CEO Edwin S. L. Tam from its headquarters at 505 - 6th Street SW. For more information on Petrox Res 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