TSXV:ART.H - Post by User
Post by
Fernando2010on May 15, 2011 8:24am
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Post# 18578062
Stock price decline after reaching the Shiranish f
Stock price decline after reaching the Shiranish fOn the date of the press release announcing the penetration of the Shiranish formation (april 7) the stock price was CAD 0,49
More than a month later, the stock close on Friday 13 at CAD 0,275 (exactly half the preiously mencioned price).
Could that almost 50% decline be related to any info leaked from the wellsite?
I remember the case of our partner Groundstar Resources, where the stock price started to go down significantly a few days before the release of news related to their uncessfull K2 well in Guyana.