Hudson Resources (CVE:HUD) Stock Crosses Below 50 Day Moving Average – Should You Sell?

Shares of Hudson Resources Inc. (CVE:HUD) crossed below its 50 day moving average during trading on Friday . The stock has a 50 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 Price Performance

The firm’s fifty day moving average is C$0.03 and its two-hundred day moving average is C$0.03. The firm has a market capitalization of C$5.45 million, a PE ratio of 1.26 and a beta of 2.08.

Hudson Resources Company Profile

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.