Today, the trading of Petrodorado Energy Ltd. (CVE:PDQ) stock may get really spectacular.
The company released its new exploratory success at the Verdal 1 well, located in the Talora Block in Colombia.
If PDQ closed the week at a new 52-week high before the release, it is hard to predict the scale of the expected stock rush this week.
On Friday, PDQ rose by 6 cents, or 9.38%, to $0.70 in the session. That followed the upward move from the previous trading session and happened two days after the one and only turn back of the share price in a time spread of almost two weeks.
At the beginning of the month, the company made an update on its Visure-1X well located in the Buganviles Block, Colombia, which gave initial impetus to the shares’ upward direction.[BANNER]
One week after that, the news that the shares of Petrodorado Energy Ltd. are on the list of the top five holdings of Encompass Fund (ENCPX) maybe gave investors additional confidence to kick PDQ price up.
Petrodorado Energy Ltd. released today that El Verdal-1X in the Talora Block was drilled as a new field exploration well.
As stated in the company’s announcement, “This new discovery underlines the potential of the area, with its unique advantages, i.e. approximately 150 kilometres west of the capital city of Bogota and its proximity to Oil and Gas pipeline network of Colombia”.
