Shares of Petaquilla Minerals Ltd (TSX: PTQ), engaged in the acquisition, exploration, management and sale of mineral properties, reported over 12.5% gain during each of the past two consecutive trading sessions with significant number of shares exchanging hands. PTQ was among the top performers of Canadian mining sector, having gained 16.6% and closed at C$0.11 Tuesday, while recording significant trading volumes of 771,030 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 for general corporate and working capital purposes. During the past 5-trading sessions, PTQ gained 133.3% with daily average trading volumes of 955,546 shares, while the stock accumulated over 90.9% during the past one month with daily average trading volumes of 278,925 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
