What does USBCP mean in NASDAQ SYMBOLS
USBCP stands for USA Biomass Corporation Preferred, which is a stock that was once traded on the US stock exchanges. It was de-listed in 2008 and is no longer available for purchase or sale. This stock has been de-listed due to financial issues and instability in the company. Despite its removal from the exchange, USBCP still holds some value due to its history as a stock purchased by many average investors. In this article we will explore the meaning of USBCP and look into its past performance before it was de-listed.
USBCP meaning in NASDAQ Symbols in Business
USBCP mostly used in an acronym NASDAQ Symbols in Category Business that means USA Biomass Corporation Preferred (de-listed)
Shorthand: USBCP,
Full Form: USA Biomass Corporation Preferred (de-listed)
For more information of "USA Biomass Corporation Preferred (de-listed)", see the section below.
Performance Before De-listing
Before it was de-listed, USA Biomass Corporation Preferred (USBCP) performed well at times but overall had an unstable track record with quick volatility swings in share price. The long term chart shows that there were significant drops in price throughout 2007 leading up to its eventual de-listing in 2008. Many investors who held onto their shares until then lost money when they could not find buyers when the stock began being delisted from public trading.
Essential Questions and Answers on USA Biomass Corporation Preferred (de-listed) in "BUSINESS»NASDAQ"
What is USA Biomass Corporation?
USA Biomass Corporation was a renewable energy company based in British Columbia, Canada. The corporation focused on the development and deployment of biomass energy systems across North America. This included the manufacturing of wood pellet stoves, boilers and gasifiers for residential, commercial and industrial use.
When was USA Biomass Corporation delisted?
USA Biomass Corporation was de-listed from the Canadian Securities Exchange in 2008.
What type of products did USA Biomass Corporation offer?
USA Biomass Corporation offered a variety of products that went beyond the traditional wood pellet stoves and boilers. They also manufactured hybrid gasifiers, solar heating systems, and pellet burners that are capable of burning multiple fuels including animal feed and wood chips.
Why did USA Biomass Corporation become de-listed?
The company was delisted from the Canadian Securities Exchange due to insufficient trading volume and lack of liquidity in its stock shares. The company ceased operations shortly after being de-listed.
Where can I find information about USA Biomass Corporation preferred (de-listed)?
Information about USBCP (USA Biomass Corporation Preferred) can be found on third party financial websites such as Bloomberg or Yahoo Finance. These sites provide historical stock prices and other pertinent information prior to USBCP’s de-listing from the Canadian Securities Exchange.
How does biomass energy differ from traditional sources of energy?
Traditional sources of energy rely on finite fossil fuels such as oil, coal and natural gas, while biomass energy utilizes renewable resources like woodchips, animal feed and plant material to generate power and electricity. It is a clean source of energy with less environmental impact compared to traditional sources.
What happened to the remaining assets/resources that were owned by USA Biomass Corp.?
After USBCP's de-listing from the CSE in 2008, its remaining assets/resources were acquired by Zerofootprint Renewables Inc., which now produces a range of advanced clean energy technologies such as solar thermal collectors, combined heat & power units (CHP) and advanced air filtration systems for residential & commercial buildings.
How did investors respond when USA Biomass Corp was de-listed?
Investors reacted quickly when they realized that USBCP had been de-listed from the Canadian Securities Exchange due to insufficient trading volume/liquidity in its stock shares. Some investors suffered losses since their USBCP shares became illiquid overnight while others were able to sell their shares at slightly lower prices than they initially paid for them before it was delisted.
Final Words:
Though USBCP is now a de-listed stock, it still carries some value due to its previous investment potential as well as how closely it ties into the current focus of renewable energy sources such as biomass fuels and other green investments. Even though the company experienced financial instability prior to delisting, those who were savvy enough to buy low and sell high during an uptrend may have been able to make money while holding shares of USBCP before its ultimate de-listing.