Xtra Energy Corp (OTCMKTS:XTPT) Stock Jumps After DTC Approval for U.S. Trading

Nevada based antimony exploration and development firm Xtra Energy Corp (OTCMKTS:XTPT) is one of the companies which could well be worth tracking at this point. The company announced yesterday that its United States based listing in the OTC Markets under the symbol XTPT had been approved by the Depository Trust Company.

Trading Data

On Wednesday, XTPT stock moved up 16.32% to $0.1250 with more than 83.07K shares, compared to its average volume of 51.98K shares. The stock moved within a range of $0.1037 – 0.1250 after opening trade at $0.1037.

Xtra Energy Corp. Announces DTC Approval for U.S. Trading

That would make the company’s shares eligible for electronic settlement and clearing. It should be noted that DTC is a subsidiary unit of the Depository Trust and Clearing Corporation, a company based out of the United States that looks after electronic settlement and clearing of the stocks of publicly traded firms.

The Chairman of Xtra Energy Mac J Shahsavar spoke about the development as well. He noted that the latest development was a significant one for the company since it would expand the presence of the company’s stock in the United States.

The DTC eligibility is important since shareholders would have the privilege of being served by a dependable and cost-effective clearing and settlement system for the company’s common shares. Essentially, the development is going to help the company in boosting the company’s engagement with both the current as well as the future shareholders.