In sliding 8.33%, Quattro Exploration and Production Ltd. (CDX:QXP:CA) was one of the worst performing stocks in the miscellaneous sector of the TSX Venture Exchange on January 13. After closing the previous session at $0.06, shares of QXP:CA opened this morning at $0.055 and closed the day at $0.055. Throughout the day, about 15,000 shares changed hands, compared to an average 30-day volume of 24,049 for Quattro Exploration and Production Ltd.. Shares moved as high as $0.06 and as low as $0.055 in today’s trading action.
The share depreciation gives the company a market capitalization of $2.66 million based upon 44.34 million shares outstanding.
In the past 52 weeks, shares of Quattro Exploration and Production Ltd. have traded as low as $0.035 and as high as $0.235. Technical traders will take note that at $0.055, shares of QXP:CA are trading below their 50-day moving average (MA) at $0.078 and below their 200-day MA at below $0.102. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move beneath or holding under them is typically regarded as bearish.
Who is $Quattro Expl?
Quattro Exploration and Production Ltd is engaged in exploration and development of oil and natural gas reserves in Western Canada, located in the Western Canadian Sedimentary Basin and Central America. The company is led by its CEO Leonard van Betuw from its headquarters at 1250, 639-5 Avenue South West.
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About the TSX Venture Exchange
Owned and operated by the TMX Group, the TSX Venture Exchange is a public venture capital marketplace for emerging companies. It is headquartered in Calgary, Alberta, Canada with offices in Toronto, Vancouver and Montreal. All trading on the exchange is done electronically. Originally established in 1999, the “Venture,” as it is often shortened, was previously known as the Canadian Venture Exchange, but renamed in 2001 subsequent to the TSX Group (now known as the TMX Group) purchasing it.
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