First Bauxite (CVE:FBX) Shares Cross Below 200-Day Moving Average – Here’s Why

First Bauxite LLC (CVE:FBXGet Free Report) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$0.04 and traded as low as C$0.04. First Bauxite shares last traded at C$0.04, with a volume of 132,400 shares trading hands.

First Bauxite Price Performance

The company has a market cap of C$19.18 million and a price-to-earnings ratio of -0.29. The business’s fifty day moving average price is C$0.03 and its 200 day moving average price is C$0.04.

About First Bauxite

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First Bauxite Corporation, a natural resource company, acquires, explores for, and develops bauxite deposits in Guyana, South America. It owns interests in the Bonasika mining license and Tarakuli-Canje permission for geological and geophysical survey. The company was formerly known as Academy Ventures Inc and changed its name to First Bauxite Corporation in December 2008.

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