Today we feature Caza Oil & Gas Inc. (TSX: CAZ), a junior oil & gas explorer, as the top momentum gainer since the stock jumped more than 16%, touching its new intraday 52-week high during the last two consecutive trading days with far more shares changing hands than in a normal session. During the last trading session, CAZ was the top gainer in the Canadian energy space after powering 16.4% higher and closing at its 52-week high of $0.32 while recording significant volume of 7.7 million shares. During the past 5-trading sessions, CAZ rallied 48.8% with daily average trading volume of 2.1 million shares while, the stock appreciated over 83% in the past month with daily average trading volume of 395,388 shares.
The stock gained momentum after CAZ reported robust growth of 259% in its quarterly revenues for Q1’14. The revenues for the company grew to C$4.59 million from C$1.28 million reported in the same quarter of 2013. CAZ also reported strong oil and natural gas liquids production climbing 224% to 44,724 bbls from 13,820 bbls in Q1’13 with natural gas production rising 156% to 101,709 Mcf from 39,742 Mcf recorded in the same quarter of 2013.
Company Description:
Caza Oil & Gas Inc. (TSX: CAZ), through a subsidiary, explores for and produces oil and natural gas. The company operates onshore in the south central United States.
1-Year Stock Chart:
Source: Bloomberg
