PTA Stock & Warrant Performance( | Open | 0.62 | | P/E Ratio (TTM) | -- |
| Last Bid/Size | 0.60 / 54 | | EPS (TTM) | -0.04 |
| Last Ask/Size | 0.61 / 38 | | Next Earnings | -- |
| Previous Close | 0.62 | | Beta | 1.25 |
| Volume | 11,858,017 | | Last Dividend | -- |
| Average Volume | 3,095,731 | | Dividend Yield | -- |
| Day High | 0.64 | | Ex-Dividend Date | -- |
| Day Low | 0.59 | | Shares Outstanding | 418.3M |
| 52 Week High | 0.74 | | # of Floating Shares | 391.7021M |
| 52 Week Low | 0.28 | | Short Interest as % of Float | -- |
(RBC Direct Investing)
If you consider PTA's stock performance, it is not as bad as people would make it out to be. 11,858K in shares traded hands, with an opening price of 0.62. It hit a low of 0.59 then closed at 0.60. Not to mention the high of 0.64.
The amount of volume exceeded the amount of shares traded for Suncor, SU which has an Average daily volume of 4,030K shares. If you back over the last trading sessions PTA is averaging 3,095K in daily volume. IMO that is impressive for a penny stock on the Venture exchange.
Front Street is selling a ton of shares and I assume that they sold more today. Given the SP performance there are active buyers interested in this stock. Theory: Front Street is simply reallocating their assets in selling PTA. Rebalancing their portfolios. It would not be uncalled for, at this time of year. Maybe they are taken some profit. Who knows?
The Level II Quotes for Petroamerica also indicate bullishness on the stock:
| Market Maker | Shares | Bid Price | Ask Price | Shares | Market Maker |
| -- | 27,000 | 0.600 | 0.610 | 19,000 | -- |
| -- | 61,500 | 0.590 | 0.620 | 500 | -- |
| -- | 72,000 | 0.580 | 0.630 | 125,500 | -- |
| -- | 26,000 | 0.570 | 0.640 | 30,500 | -- |
| -- | 7,000 | 0.560 | 0.650 | 170,000 | -- |
| -- | 8,500 | 0.550 | 0.660 | 30,000 | -- |
| -- | 4,500 | 0.530 | 0.670 | 34,500 | -- |
| -- | 22,500 | 0.520 | 0.680 | 176,000 | -- |
| -- | 23,000 | 0.510 | 0.690 | 8,000 | -- |
| -- | 72,000 | 0.500 | 0.700 | 61,500 | --
|
IMO, worse case scenario of PTA retesting SP at 0.50 or going back to 0.70 and that is before the expected Balay drilling results. Based on the previous posts from other user's you can expect that the good news is coming.
For the last week, I have found that the PTA.WT and PTA.WT.A have acted quite reasonable to the SP. Both warrants seem to be range bound between 0.20 and 0.25. That is the beauty of warrant's leverage is that they are leveraged to growth, and have some downside price protection.
Just my IMO. GLTA