November 25, 2016 - 5:55 PM EST
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Midday Alert: Alberta Oilsands Inc. (CDX:AOS:CA) Pressures TSX Venture Basic Materials Stocks with 4.55% Decline in Morning Trading on November 25

Alberta Oilsands Inc. (CDX:AOS:CA) is amongst the weakest basic materials stocks listed on the TSX Venture Exchange through noon on November 25, with a fall of 4.55%. After closing the previous session at $0.11, shares of AOS:CA opened this morning at $0.105 and are currently trading at $0.105. At the lunch break, about 102,000 shares have changed hands, compared to an average 30-day volume of 287,050 for Alberta Oilsands Inc.. Shares moved as high as $0.105 and as low as $0.105 in today’s morning action. The share depreciation gives the company a market capitalization of $23.38 million based upon 212.53 million shares outstanding. In the past 52 weeks, shares of Alberta Oilsands Inc. have traded as low as $0.085 and as high as $0.14. Technical traders will take note that at $0.105, shares of AOS:CA are trading below their 50-day moving average (MA) at $0.12 and below their 200-day MA at below $0.12. 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 $Alta Oilsand? Alberta Oilsands Inc is an early stage oil sands exploration and development company. The Company and its subsidiaries are involved in the exploration and development of resource properties in Western Canada and Africa. The company is led by its CEO Binh Vu from its headquarters at 815 - 8th Avenue SouthWest. For more information on Alta Oilsand 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 today. All data provided by QuoteMedia, with stock data accurate as of 12:00 PM ET. is not responsible for inaccuracies in third-party supplied information. 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. About is a leading publisher of market and investment news, commentary, proprietary research and videos from seasoned journalists, analysts and contributors covering the financial markets and global economies. Leveraging our extensive distribution network and social media presence, we have cultivated a valuable audience of engaged market enthusiasts, which in turn delivers a variety of unique opportunities for industry partnerships, corporate communications, market exposure and investment. A complete disclaimer can be viewed here. If you like this article, you can read more at

Source: Financial Press News (November 25, 2016 - 5:55 PM EST)

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