Today we feature Petro One Energy Corp. (TSX-V: POP), a junior oil and gas explorer, as the top momentum gainer, since the stock rallied more than 14% during the last two consecutive trading days with huge shares exchanging hands than in a normal session. During the last trading session, POP was the top gainer in the Canadian energy space powering 30% higher and closing at C$0.26 while recording significant volumes of 223,700 shares. POP was also among the top weekly gainers in the sector for the week ended May 23rd 2014 after climbing 30% with 5-day daily average trading volumes of 143,560 shares. The stock accumulated over 44% during the past month with daily average trading volumes of 52,519 shares. Earlier this month, POP had booked 124,800 BBL of light Viking oil, including 23,700 BBL of proved reserves and 101,100 BBL of probable reserves at its J5 Milton Saskatchewan property. The company reported that the reserves estimate has been based on two producing wells of the five wells drilled at Milton to date and two undeveloped locations.
Company Description:
Petro One Energy Corp. (TSX-V: POP) acquires, explores, and develops oil and gas properties. The company’s focus is to acquire, explore & develop undervalued oil assets in Canada with close proximity to infrastructure and existing production.
1-Year Stock Chart:
Source: Bloomberg
