Toscana Energy Income Corp Stock Is Crashing Now

 Toscana Energy Income Corp Stock Is Crashing Now

The stock of Toscana Energy Income Corp (TSE:TEI) is a huge mover today! About 41,300 shares traded hands or 238.41% up from the average. Toscana Energy Income Corp (TSE:TEI) has declined 23.64% since March 28, 2016 and is downtrending. It has underperformed by 26.65% the S&P500.
The move comes after 9 months negative chart setup for the $14.94M company. It was reported on Nov, 1 by Barchart.com. We have $1.85 PT which if reached, will make TSE:TEI worth $1.49M less.

More notable recent Toscana Energy Income Corp (TSE:TEI) news were published by: Globenewswire.com which released: “Toscana Energy Announces Acquisition of Oil Assets” on November 26, 2015, also Theglobeandmail.com with their article: “Calendar: What investors need to know for the week ahead” published on October 28, 2016, Theglobeandmail.com published: “Three top stock picks from Bank of Nova Scotia’s Jaime Carrasco” on October 19, 2015. More interesting news about Toscana Energy Income Corp (TSE:TEI) were released by: Marketwired.com and their article: “Spartan Energy Corp. Announces Completion of Business Combination With …” published on April 01, 2014 as well as Stockhouse.com‘s news article titled: “Energy roundup: Don’t wait for oil to hit US$40, Sprott analyst warns” with publication date: January 08, 2015.

Toscana Energy Income Corporation, formerly Toscana Resource Corporation), is engaged in the acquisition, development and production of petroleum and natural gas reserves in Western Canada. The company has a market cap of $14.94 million. The Company’s oil and natural gas properties are located in Alberta and Saskatchewan where the Company has interests in oil and natural gas wells. It currently has negative earnings. The Company’s facilities consist of wellsite facilities and gathering pipelines.

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