Shares of Petaquilla Minerals Ltd (TSX: PTQ), engaged in the acquisition, exploration, management and sale of mineral properties, reported over 33.3% gain during each of the past two consecutive trading sessions with significant number of shares exchanging hands. PTQ gained 33.3% and closed at C$0.08 Thursday, while recording significant trading volumes of 434,055 shares. Recently, the company announced that it has arranged a bridge loan (an interim financing to support operations of the company) of $18 million, which is intended to fund general corporate and working capital purposes. During the past 5-trading sessions, PTQ gained 100.0% with daily average trading volumes of 711,978 shares, while the stock accumulated over 14.3% during the past one month with daily average trading volumes of 215,267 shares.
Company Description:
Petaquilla Minerals Ltd. (TSX: PTQ) explores for gold in Panama. The company operates the Molejon mine in the Cerro Petaquilla Concession.
1-Year Stock Chart:
Source: Bloomberg
