Shares of PostRock Energy Corp (NASDAQ: PSTR),engaged in the acquisition, exploration, development, production and transportation of oil and natural gas, recorded over 11.0% gain during each of the past two consecutive trading sessions with significant number of shares exchanging hands. PSTR was the top performer in U.S. energy sector after gaining 11.2% and closed at $4.45 Wednesday, while recording significant trading volumes of 366,742 shares. The upward momentum in the stock’s price is attributable to the rally in global oil prices. During the past 5-trading sessions, PTSR gained 336.3% with daily average trading volumes of 473,791 shares, while the stock accumulated 33.1% gain during the past one month with daily average trading volumes of 86,026 shares. The stock is up 23.6% year-to-date.
Company Description:
PostRock Energy Corp. (NASDAQ: PSTR) is an oil and gas exploration and production company that primarily produces and transports natural gas in southeast Kansas, northeast Oklahoma, West Virginia, Pennsylvania, New York, and the Appalachian Basin.
1-Year Stock Chart:
Source: Bloomberg
