This past Friday, the Trillion Energy International Inc (OTCMKTS:TCFF) stock snapped its winning streak and ended the day with a decline of 4%. However, at the same time, it is also important for investors to note that despite the correction, the stock is still up by as much as 8% over the course of the past week.
Trading Data
On Friday, TCFF stock ended higher by 4% to $0.1560 with 260K shares, compared to its average volume of 316k shares. The stock has moved within a range of $0.1290 – 0.1727 after opening trade at $0.1290.
Trillion Energy Announces Results of Special Stockholders Meeting
In this situation, it may be a good idea for investors to take a look at the announcement made by the company with regards to the Special Meeting of Stockholders that was held on December 17. It was an important event and the only motion that was voted on at the meeting was in relation to switching back the domicile of the company to British Columbia from Delaware.
In this meeting, the stockholders who were present represented as much as 54.45% of the outstanding shares in Trillion Energy International. The stockholders attended the meeting in person and some sent in proxies.
The stockholders voted in favour of the motion and it was announced by the company that it was going to move forward with the move in January 2022. However, the news was not welcomed by market participants and it remains to be seen if the Trillion Energy International slides further today.
Technical Data
TCFF stock is trading above the 20-Day and 50-Day Moving averages of $0.16 and $0.17 respectively. Moreover, the stock is trading above the 200-Day moving average of $0.23. The stock is down 9% in the past week.
