Hudson Resources (CVE:HUD) Share Price Passes Below Fifty Day Moving Average – Here’s Why

Hudson Resources Inc. (CVE:HUD)’s stock price passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$0.03 and traded as low as C$0.03. Hudson Resources shares last traded at C$0.03, with a volume of 338,000 shares changing hands.

Hudson Resources Stock Up 20.0%

The stock has a market cap of C$5.45 million, a P/E ratio of 1.26 and a beta of 2.08. The stock has a fifty day simple moving average of C$0.03 and a 200-day simple moving average of C$0.03.

About Hudson Resources

Hudson Resources Inc, a junior exploration company, engages in the mining, exploration, and development of mineral resources in Greenland. The company holds 100% interest in the Gronne Bjerg anorthosite project and a 31.1% interest in the White Mountain anorthosite mine. It also produces anorthosite mineral for various markets, such as e-glass fiberglass; white CO2 free cement; paints, coatings, and polymers; and alumina source. The company was formerly known as Tekwerks Solutions Inc and changed its name to Hudson Resources Inc in December 2002.