Shares of TSX Venture Miscellaneous Company Terrace Energy Corp. (CDX:TZR:CA) Fall 42.86% on January 3

In sliding 42.86%, Terrace Energy Corp. (CDX:TZR:CA) was one of the worst performing stocks in the miscellaneous sector of the TSX Venture Exchange on January 3. After closing the previous session at $0.07, shares of TZR:CA opened this morning at $0.04 and closed the day at $0.04. Throughout the day, about 6.25 million shares changed hands, compared to an average 30-day volume of 62,493 for Terrace Energy Corp.. Shares moved as high as $0.06 and as low as $0.035 in today’s trading action.

The share depreciation gives the company a market capitalization of $6.19 million based upon 88.49 million shares outstanding.

In the past 52 weeks, shares of Terrace Energy Corp. have traded as low as $0.02 and as high as $0.15. Technical traders will take note that at $0.04, shares of TZR:CA are trading above their 50-day moving average (MA) at $0.032 and below their 200-day MA at below $0.052. 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 $Terrace Egy?

Terrace Energy Corp is an oil and gas company. The Company is engaged in acquiring, exploring and developing unconventional onshore oil and gas properties in the United States. The company is led by its CEO William D. Gibbs from its headquarters at 666 Burrard Street.

For more information on Terrace 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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