Yesterday Dune Energy, Inc. (OTC:DUNR) closed a third consecutive trading session at $0.40. The volume, however, reached 868 thousand shares which is more than two times the average.
Apparently $0.40 is proving to be a rather significant point for DUNR stock, as it has been moving around it since the beginning of the month. The PR from Dec. 7, saying DUNR signed new credit facility, providing updates on mid-year reserves and revealing information on planned drilling, didn’t seem to matter much as it didn’t…