Trek Mining (CVE:TREK) Stock Crosses Below 50-Day Moving Average – Time to Sell?

Trek Mining Inc (CVE:TREK) passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$0.98 and traded as low as C$0.91. Trek Mining shares last traded at C$0.98, with a volume of 709,889 shares traded.

Trek Mining Trading Up 7.7%

The firm’s fifty day simple moving average is C$0.98 and its two-hundred day simple moving average is C$0.98.

Trek Mining Company Profile

Trek Mining Inc engages in the acquisition, exploration, and development of mineral deposits. The company primarily holds 100% interests in the Aurizona gold project covering approximately 241,400 hectares located in Brazil; and the Warintza copper-molybdenum exploration property with eight metallic mineral concessions covering 26,777 hectares located in Ecuador, as well as 75% interests in the Koricancha gold and silver milling operation located in Peru. It also holds 100% interests in the Ricardo copper-molybdenum property covering approximately 16,000 hectares located in the Chuquicamata mining district of Northern Chile; and the ELK gold property with 27 contiguous mineral claims and 1 mining lease covering 16,566 hectares located near Merritt, British Columbia.