Tervita (OTCMKTS:TRVCF) Trading Down 28%

Shares of Tervita Corporation (OTCMKTS:TRVCF) fell 28% during trading on Wednesday . The company traded as low as $2.00 and last traded at $2.01. 260 shares were traded during mid-day trading, a decline of 56% from the average session volume of 596 shares. The stock had previously closed at $2.79.

A number of brokerages have commented on TRVCF. TD Securities upped their target price on shares of Tervita from $5.00 to $5.50 and gave the stock a “buy” rating in a research note on Thursday, July 30th. BMO Capital Markets upped their target price on shares of Tervita from $4.50 to $5.00 and gave the stock an “outperform” rating in a research note on Friday, July 31st. Finally, Royal Bank of Canada upped their target price on shares of Tervita from $4.75 to $5.00 and gave the stock a “sector perform” rating in a research note on Friday, July 31st.

The business has a 50 day moving average price of $2.64.

About Tervita (OTCMKTS:TRVCF)

Tervita Corporation operates as a waste and environmentally focused energy service provider in Canada and the United States. It operates in two segments, Energy Services and Industrial Services. The Energy Services segment treats, recovers, and disposes fluids; provides oil terminalling and energy marketing services; processes and disposes solid materials; disposes oilfield-generated waste; offers onsite services using centrifugation or other processes for heavy oil producers involved in mining and in situ production; and supplies and operates drill site processing equipment, such as solids control and drill cuttings management.

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