Shares of TSX Venture Miscellaneous Company Quattro Exploration and Production Ltd. (CDX:QXP:CA) Fall 12.5% on October 12

In sliding 12.5%, 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 October 12. After closing the previous session at $0.08, shares of QXP:CA opened this morning at $0.07 and closed the day at $0.07. Throughout the day, about 91,000 shares changed hands, compared to an average 30-day volume of 7,541 for Quattro Exploration and Production Ltd.. Shares moved as high as $0.075 and as low as $0.07 in today’s trading action.

The share depreciation gives the company a market capitalization of $3.55 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 $0.05 and as high as $0.235. Technical traders will take note that at $0.07, shares of QXP:CA are trading below their 50-day moving average (MA) at $0.074 and below their 200-day MA at below $0.129. 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.

For more information on Quattro Expl and other companies trading on the TSX Venture Exchange, as well as other Canadian and American stock exchanges, or to be considered for contributing content for our distribution network, visit FinancialPress.com today.

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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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