Curlew Lake Resources Inc. (CVE:CWQ), (PINK:CWLXF) stock lost a significant part of its value on the company’s “no oil” news.In unison with the release that Curlew Lake Resources Inc. is abandoning its well in order to evaluate other potential targets, CWQ stock got also abandoned by investors’ bullish mood.
On the TSX Venture Exchange, the company’s shares returned back by 67.74% on a colossal volume traded.
If the average trading volume of CWQ is approximately half a million shares, yesterday 9.7 million shares changing hands confirmed the share price decline.
On the American OTC Pink sheets market, investors also agreed on a price decline for the company’s shares. CWLXF tumbled down by 67.60% on a volume of more than 263 thousand shares.
Curlew Lake Resources Inc. is an oil, gas and hard rock minerals producer and explorer. The company is in the exploration and production business since 1987.
At present, the company has production focal points at Turner Valley, Alberta; Fosterton, Saskatchewan and Minard, Saskatchewan.
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