There has not been any news about Trillion Energy International Inc (OTCMKTS:TCFF) over the course of the past weeks and hence, it was perhaps no surprise that the company’s stock traded in a range on Wednesday.
Trading Data
On Wednesday, TCFF stock moved up 2% to $0.1529 with 76.61k shares, compared to its average volume of 291K shares. The stock has moved within a range of $0.1500 – 0.1750 after opening trade at $0.1750.
Trillion Energy Announces Results of Special Stockholders Meeting
However, in this situation, it may be a good idea to take a look at the past development about the company and then make up one’s mind about the stock. The last time any news emerged about Trillion Energy International was back on December 17, 2021 when the company provided an update with regards to the results from the Special Meeting of Stockholders. The meeting was held on December 17.
At the meeting, the only proposal that had been put forward to the shareholders was with regards to the redomicile of the company to British Columbia from Delaware. At the meeting shareholders representing as many as 54.45% of the outstanding shares in Trillion Energy International were in attendance either by proxy or in person.
The move to redomicile was voted through by the shareholders in an overwhelming majority. At the time, Trillion Energy International announced that the process with regards to the move was going to begin on January 1, 2022.
Technical Data
TCFF stock is trading below the 20-Day and 50-Day Moving averages of $0.15 and $0.15 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.21.
