On Thursday, the Westbridge Energy Corp (OTCMKTS:WEGYF) (TSXV:WEB) stock was trading within a range but despite that it ought to be remembered that stocks trading within a range can also break out strongly. More pertinently, investors need to note that Westbridge Energy was in fact in the news yesterday and it may be a good idea to take a look into the development.
Westbridge Commences Trading on the OTCQB Venture Market in the United States
The company announced yesterday that it had managed to qualify for the OTCQB Venture Market. The market is in the United States and operated by the OTC Markets Group. It was a significant development for the company but it did not lead to any particular move in the stock.
The common shares of Westbridge Energy started trading on the OTCQB Venture Market yesterday under the ticker symbol WEGYF. However, in this context, it is also necessary to point out that the shares of the company are going to continue to be listed on the TSX Venture Exchange. On the TSX Venture Exchange, the stock will continue to trade under the ticker symbol WEB. The Westbridge Energy is also listed on the Frankfurt Stock Exchange and trades under the ticker symbol PUQ3.
“Listing Westbridge on the OTCQB is a first step to provide easier access and trading capability in our shares for both institutional and retail investors. Trading on OTCQB will contribute to our strategy to continue to enhance our share liquidity and broaden the reach and awareness of our global renewal energy innovations and ultimately drive value for our shareholders”, stated Scott M. Kelly, Executive Chair & Director of the Company.
WEGYF stock is trading above the 20-Day and 100-Day Moving averages of $0.2562 and $0.2394. Moreover, the stock is trading is the neutral zone with RSI stands at 44.