Quaterra Resources (QTA) Trading Down 13.3%

Quaterra Resources Inc (CVE:QTA)’s share price fell 13.3% on Thursday . The stock traded as low as C$0.07 and last traded at C$0.07. 296,000 shares were traded during trading, an increase of 329% from the average session volume of 69,071 shares. The stock had previously closed at C$0.08.

Separately, Fundamental Research reiterated a “top pick” rating and set a C$0.49 price objective on shares of Quaterra Resources in a report on Friday, March 15th.

The company has a debt-to-equity ratio of 4.04, a current ratio of 0.24 and a quick ratio of 0.23. The firm has a market cap of $14.31 million and a price-to-earnings ratio of -10.00.

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Quaterra Resources Company Profile (CVE:QTA)

Quaterra Resources Inc operates as a copper exploration and development company primarily in North America. It holds 100% interests in the MacArthur, Yerington, Bear, and Wassuk copper properties located in the Yerington District, Nevada, as well as an option to acquire a 90% interest in the Groundhog copper prospect covering 40,000 acres located to the southwest of Anchorage, Alaska.

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