Mississauga, ON -- (SBWIRE) -- 10/21/2014 -- AllPennyStocks.com Media, Inc. (http://www.AllPennyStocks.com/) announces its latest article titled “Highbank Resources Ready for First Aggregate Production at Swamp Point North.”
Companies mentioned in this article include Highbank Resources Ltd. (TSX-Venture:HBK).
The Toronto Venture Composite Index has bounced about 50 points in the past four days after dropping in 20 of 22 trading days to levels not seen since the market collapse in late 2008. Safe to say, junior resource plays, which dominate the exchange, have faced significant headwinds throughout 2014 as the Venture index is off by about 12 percent this year, even with the rebound the past few days.
There have still been some bright spots on Venture-listed companies, including Highbank Resources Ltd. (TSX-Venture:HBK), which came off a double bottom technical chart pattern to hold its 200 day moving average around 8 cents in January to bust loose to as high as 38 cents in July. For those keeping score, that’s a move of 375 percent from bottom to top. The stock has continued to hold the vast majority of the gains, finding support around 25 cents and resistance at 31 cents as the stock has been trading sideways since August.
The full version of this article can be found at:
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