Strong volume, odd closeThe volume and share price increase were very encouraging today, pointing toward the short term $1 share price Rock mentioned recently. But TD selling in the last half hour caused the stock to lose .05 (8%) at the close.
All in all, this is clearly a very tightly held stock, with only 22.3 million shares out, and very few for sale.
Why ANY are for sale right now (to be dumped at the end of the day) is hard to understand.
I would think this stock could be at $3 by year end, with some increase in production due to reworking their existing wells.
WC