DALLAS, Feb. 24, 2011 (GLOBE NEWSWIRE) -- MicroStockProfit.com announces an investment report featuring Oilsands Quest Inc. (AMEX:BQI). The report includes financial, comparative and investment analyses, and industry information you need to know to make an educated investment decision.
The full report is available at:
Oilsands Quest Inc. (BQI), a development stage company, engages in the acquisition, exploration and development of natural resource properties in Canada. It holds interests in the oil sands deposits in the provinces of Saskatchewan and Alberta. The company was formerly known as CanWest Petroleum Corp. and changed its name to Oilsands Quest Inc. in October 2006.
BQI was founded in 1998 and is based in Calgary, Canada.
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In the report, the analyst notes:
"Shares of BQI dropped by 0.61% to close Wednesday at $0.57, shedding some of Tuesday's gains. BQI was one of Tuesday's best performing penny stocks as oil futures rose on the back of growing tension in Libya."
"Friday, BQI closed above its 20-day moving average. This is generally considered to be an indication of a bullish trend."
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