RE:RE:Sales and TimesEarly bid and ask both at .065.
MTO has had a good story for a long time. I have been wondering why it is forming a base and, seemingly, rising slowing now. I glanced over the recent news releases and found one answer. MTO has been reporting excellent drilling results for months, virtually the last year. They have not updated their proven reserve estimate for a while but it must be substantially higher than in the last corporate presentation.
Plus, the government loan is paid off, we are past the 5 cent PT share wall, production is continuing, and MTO is starting to get a little bit of notice.
Upside momentum is starting to build on this one. Don't be surprised to see 7 cents today. Someone else predicted 8 cents this week. Quite possible.