Today we feature Blackbird Energy Inc. (TSXV: BBI), an oil and gas company focused on assets in Western Canada, as the top momentum gainer since the stock climbed more than 13% 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. In the last session, BBI was the top gainer in the Canadian energy sector after gaining 22% and closing at its 52-week high of C$0.31 while recording significant volumes of 4.2 million shares. During the past 5-trading sessions, BBI gained 48% with daily average trading volumes of 2.3 million shares while, the stock accumulated over 158% in the past month with daily average trading volumes of 1.2 million shares. On May 1, 2014, the company announced a 247% increase in Proved reserves to 434 Mboe and a 394% increase in NPV of Proved reserves to $3.58 million (before tax discounted at 10%).
Company Description:
Blackbird Energy Inc (TSXV: BBI) is an oil and gas exploration company. The company acquires, develops, and explores oil and gas properties in North America and internationally.
1-Year Stock Chart:
Source: Bloomberg
