CYD Makes Notable Cross Below Critical Moving Average

In trading on Wednesday, shares of Cayden Resources Inc (TSXV: CYD.TO) crossed below their 200 day moving average of $1.16, changing hands as low as $1.08 per share. Cayden Resources Inc shares are currently trading off about 11% on the day. The chart below shows the one year performance of CYD shares, versus its 200 day moving average:

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Cayden Resources Inc 200 Day Moving Average Chart

Looking at the chart above, CYD's low point in its 52 week range is $0.64 per share, with $1.80 as the 52 week high point — that compares with a last trade of $1.20.

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