These days, when the mineral resources rush is in its apogee, all related to it businesses and companies have the chance to gain a momentum.
Technicoil Corporation (TSE:TEC), (PINK:TECGF), being one of them and adapting its business strategy in the proper moment and in the proper manner, succeeded to increase its shareholder value within a short period period of time.
Yesterday, the shares of Technicoil Corporation were one of the most demanded goods on the Toronto Stock Exchange. Looks like the investor bullish mood from Tuesday was not entirely reflected in TEC stock performance. Though, that happened yesterday, after a trading session devoted to the reconsideration of the share price.
Confirming the stock stir, the price of TEC soared 11.11% between the sessions on a volume of more than 3.5 million shares traded.
On the American OTC market, the shares of Technicoil Corporation had not been traded since the beginning of this November. Still, so far the price advance of TECGF has reflected adequately and in short the latest developments of the company.
At the end of September, Technicoil Corporation informed the investment community about its new capital expansion program related to the offered by the company new services through the so called company’s Well Servicing Segment. It represents the provided by TEC complementary pumping, acidizing, remedial cementing and nitrogen pumping services.
During the month after the company released its new strategy, TEC stock was demanded at an almost doubled price.
At the beginning of last month, Technicoil Corporation disclosed its as stated “highest ever third quarter results for the period ended September 30, 2010”. There, the company’s Well Servicing Segment was defined as the milestone of the good operational and financial results of TEC.
Following the investors’ activity and the price history of TEC stock, maybe just like it was a few months ago the shares’ stir from these days is a natural follow-up of investors’ reaction on the highly appreciated developments of the company.[BANNER]
Since the date of release of the new capital expansion program up to yesterday, TEC stock brought investors a 67% return on investment. For the same period, on the American OTC market TECGF stock market value advanced by 42.53%.
Yesterday, on the Toronto Stock Exchange TEC closed the market at $1.50 per share, hinting at a new 52-week high with 6 cents beyond the closing.
Technicoil Corporation is an oil and gas services company operating in Western Canada. The company operates in two main segments: well servicing and drilling.
