Shares of TSX Venture Miscellaneous Company Tanager Energy Inc. (CDX:TAN:CA) Fall 15.0% on October 4

In sliding 15.0%, Tanager Energy Inc. (CDX:TAN:CA) was one of the worst performing stocks in the miscellaneous sector of the TSX Venture Exchange on October 4. After closing the previous session at $0.1, shares of TAN:CA opened this morning at $0.085 and closed the day at $0.085. Throughout the day, about 43,502 shares changed hands, compared to an average 30-day volume of 26,289 for Tanager Energy Inc.. Shares moved as high as $0.095 and as low as $0.085 in today’s trading action.

The share depreciation gives the company a market capitalization of $8.5 million based upon 84.97 million shares outstanding.

In the past 52 weeks, shares of Tanager Energy Inc. have traded as low as $0.02 and as high as $0.115. Technical traders will take note that at $0.085, shares of TAN:CA are trading above their 50-day moving average (MA) at $0.077 and above their 200-day MA at above $0.062. 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 $Tanager Egy?

Tanager Energy Inc is an oil and gas and mineral exploration company. The Company is engaged in the acquisition, exploration and development of oil and gas in East Texas, and of precious & base metal properties in Albert, Canada. The company is led by its CEO John Squarek from its headquarters at 3056-40 Avenue South.

For more information on Tanager Egy 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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