Primary Petroleum Corp (TSXV: PIE), a junior oil & gas exploration stock, is featured as today’s top momentum gainer since it gained over 14% touching its new intraday 52-week highs during the last two consecutive trading days with far more shares changing hands than in a normal session. During the last trading session, PIE was the top gainer in the Canadian energy space after rising 35.4% and closed at its 52-week high of C$0.33 while recording huge volumes of over 5.63 million shares. During the past 5 trading sessions, PIE skyrocketed over 261.1% with 5-day daily average traded volumes of 5.34 million shares. A strong momentum is witnessed in the stock since it has surged over 261% in the past one month with daily average volume of 889,699 shares.
Company Description:
Primary Petroleum Corp (TSXV: PIE) explores for and produces oil and natural gas. The company owns interests in projects in the sedimentary basins of Western Canada and in the state of Montana, the United States.
1-Year Stock Chart:
Source: Bloomberg
