Shoal Point Energy (CNSX:SHP) Shares Down 13%

Shoal Point Energy Ltd (CNSX:SHP) shares dropped 13% on Thursday . The company traded as low as $0.10 and last traded at $0.10, approximately 141,397 shares traded hands during trading. The stock had previously closed at $0.12.

The firm has a 50 day moving average of $0.10.

About Shoal Point Energy (CNSX:SHP)

Shoal Point Energy Ltd., an exploration stage company, engages in the acquisition, exploration, and development of oil and natural gas properties in Canada. It holds interest in the Humber Arm shale play covering an area of approximately 220,000 acres located in the west coast of Newfoundland. The company was incorporated in 2006 and is headquartered in Vancouver, Canada.

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