Callinex Mines Inc. (OTCMKTS:CLLXF) (CVE:CNX) Stock falls 6% In a Week: Here is Why
Callinex Mines Inc. (OTCMKTS:CLLXF) (CVE:CNX) is down 6% in a week. The company has announced the commencement of trading on the OTCQX market. Investors, brokers, and institutions in the United States who want to trade Callinex stock under the ticker CLLXF can conveniently do so on the OTCQX Best Market.
Market Stats
On Tuesday, CLLXF stock ended slid 2.13% to $1.9867 with more than 16.87k shares, compared to its average volume of 10.86K shares. The stock has moved within a range of $1.9500 – 2.1200 after opening trading at $2.12.
Callinex Commences Trading on the OTCQX
The OTCQX Best Market is a flagship marketplace for well-established, investor-focused United States and foreign businesses. Companies must satisfy rigorous financial criteria, implement excellent corporate governance, fully comply with the United States securities act, be up to date in their filings, and have a competent third-party sponsor presentation to be qualified.
CEO and President Max Porterfield said that they are delighted to start trading in the platform, which will help the company expand its investors’ pool. Porterfield explained that the OTCQX platform offers US-based investors with enhanced capability to value, analyze, and trade shares of Callinex. He explained that the move would benefit the company’s shareholders as it expands its high-grade, gold, zinc, silver, and copper Rainbow resource. Therefore investors should keep an eye on CLLXF.
Key Quote
Max Porterfield, President and CEO, stated “Callinex is pleased to commence trading on the OTCQX and the broadening of its investor base. The OTCQX provides US-based investors enhanced tools to analyze, value and trade shares of the Company. This will certainly be a benefit to all our shareholders as Callinex aggressively expands the high-grade copper, zinc, gold and silver Rainbow deposit located near Flin Flon, MB.”
Traders Corner
CLLXF stock is trading below the 20-Day and 50-Day Moving averages of $2.13 and $2.10 respectively. Moreover, the stock is trading below the 200-Day moving average of $2.55.
