Petro One Energy Corp CUDBF

POP Review

[stockeditor]

Top Momentum Gainer: Petro One Energy (TSXV: POP) Surged over 111% in the Past Month 6 Aug, 2014 Shares of Petro One Energy (TSXV: POP), a junior oil & gas explorer, saw strong share price momentum during the past month after the stock rallied over 111% on greater-than-average volume. Moreover, the stock gained over 15% during each of the past two consecutive trading days with huge number of shares exchanging hands after the company announced that it had arranged funding of up to $100 million from Korea Myanmar Development Corporation (KMDC) to drill up to 97 oil wells on Petro One properties in Saskatchewan and Manitoba. During the last session, POP was the top performer in the Canadian energy sector after climbing 48.3% and ended at its 52-week high of C$0.45 while recording huge volumes of 1.5 million shares. During the past 5-trading sessions, the stock powered 74.5% higher with daily average trading volumes of 833,120 shares compared with one month daily average trading volumes of 243,058 shares. The stock is 65% up year-to-date. Company Description: Petro One Energy Corp (TSXV: 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.