could mql.v act like sgy.to surge surged today as the #2 % gainer on the Toronto exchange because of an excellent press release with a huge volume day of over 18,000,000 shares changing hands. Surge had a bk of over $8.00 and the stock prior to today was $3.70 and two week ago was $2.70 and today closed @ 4.32 sgy.to or zptaf.
Point to be made: mql.v trades like chapter 11, game over, production near zero, acreage proven up as rabbit pasture.
During the next few days we get some kind of press including rev and earning, maybe management enhancement and or sale of non-core acreage, which could cause a dramatic price rise. Rem nav of mql.v is $1.94 and our stock trades @ .47 and has a market cap equal to capex. OUT OF WACK!
Added another 7000 to my already 115-120k- of course buried- I see heavily discounted value and could not resist!
I was heavily under water when surge traded @ $2.70 with over a $10k loss, but i continued to average down (average cost around 3.36)and then suddenly surge becan a march during the past 1 1/2 weeks and today with the blast off we now have a profit of over 15k
Bottom-line mql.v could very well be the next phoenix rising from the ashes!
It was not easy buying my addition shares today! took a little profit from surge today and plowed it into mql.v