Yesterday, despite its champion position in regard to the number of shares changing hands during the trading session, PetroKamchatka Plc (
CVE:PKP,
PKP message board), (PINK:PKPZF) stock remained just voluminous.
Today, PKP stock entered the session with no surprises for its investors by returning 25% back.
Looks like no events or significant for the company developments were able to really rush the shares of PetroKamchatka Plc. in the last months.
Yesterday, the company released that one of its directors resigned, after being on that position for two years.
Although Mr. Robert McClinton may further support the company's activities as an adviser after his resignation, for investors still remains the question who and how may push ahead the company in order to provide the promised increase in the shareholder value.
Even superficial due diligence on the company shows that PetroKamchatka Plc has real potential for growth. At the same time, the company's reports and news, most often related to the compensation of its directors with shares, signal that this potential is almost sleeping a lethargic winter sleep that naturally results in lethargic stock performance.[Banner]
PetroKamchatka Plc is a junior oil exploration company with main properties located in the Kamchatka Peninsula of the Russian Federation. At the end of this May, PetroKamchatka Plc had indirect interest in seven exploration licenses granted by the Russian Federation. They are all located in Kamchatka and cover 3.3 million hectares.
At the end of July, PetroKamchatka Plc relinquished three of its licenses related to the company's indirect interests. PKP holds interests now in four exploration licenses granted by the Russian Federation. These are Tigil, Icha, Ichinskaya and Vorovskaja exploration licenses and are all located in the Western region of the Kamchatka Peninsula.