Home / Market Movers / Quaterra Resources Inc. (CDX:QTA:CA) Advances 3.7% on February 16, Leads TSX Venture Basic Materials Sector

Quaterra Resources Inc. (CDX:QTA:CA) Advances 3.7% on February 16, Leads TSX Venture Basic Materials Sector

With an advance of 3.7%, Quaterra Resources Inc. (CDX:QTA:CA) was one of the best performing basic material stocks listed on the TSX Venture on February 16. After closing the previous session at $0.135, shares of QTA:CA opened this morning at $0.14 and closed the day at $0.14. Throughout the day, about 2,500 shares changed hands, compared to an average 30-day volume of 91,238 for Quaterra Resources Inc.. Shares moved as high as $0.14 and as low as $0.14 in today’s trading action.

The share appreciation gives the company a market capitalization of $26.12 million based upon 193.48 million shares outstanding.

In the past 52 weeks, shares of Quaterra Resources Inc. have traded as low as $0.05 and as high as $0.15. Technical traders will take note that at $0.14, shares of QTA:CA are trading above their 50-day moving average (MA) at $0.082 and above their 200-day MA at above $0.072. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move above them or holding over them is typically regarded as bullish.

Who is $Quaterra Res?

Quaterra Resources Inc is an exploration stage company focused on exploration & development of mineral properties in North America. The Company is currently exploring for gold, silver, copper, uranium, molybdenum & precious metals in the U.S. and Mexico. The company is led by its CEO from its headquarters at 1199 West Hastings Street.


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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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