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RMP ENERGY INC T.RMP

"Iron Bridge Resources Inc, formerly RMP Energy Inc is a crude oil and natural gas company engaged in the exploration for, development and production of natural gas, crude oil and natural gas liquids in Western Canada."


TSX:RMP - Post by User

Comment by viennaon Jul 08, 2015 1:34am
243 Views
Post# 23901753

RE:Takeover News???

RE:Takeover News???I doubt takeover. My opinion is that funds started dumping when it got delisted and we slid everyday since June 22. RSI was below 25 for the past 4 days to the point it was at 18.56 which indicates extremely oversold. It had to go back up. Since June 22 we went from $2.89 and skidded down to $2.04, that's almost 30% loss in 10 trading days. I'm bullish on this stock so I hope it keeps climbing and that we get a good operating update soon. For those that are negative on this stock, they would call this a dead cat bounce.
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