Warrior has not announced officially any new developments or other major events in September. In the lack of enough credible data, it is difficult to be certain about what might have driven the stock stir.
In such a case, the least we can do is simply point out the facts. Yesterday, the hot and furious trade led to a turnover of over 527 thousand shares. This beats more than ten times the average daily volume. As for the price, WEN pulled 8.47% up and ended the day at $0.32
It makes quite an impression that the company is not exactly flooding investors with information. What we can find on SEDAR, are mostly Warrior’s financial statements. They reveal the following: current assets of $742 thousand, current liabilities of $136 thousand, a net loss of $1.25M for the nine months ended Mar 31, 2011.
From these figures, you can draw up your own conclusions about Warrior’s financial condition and whether you find it stable or not. Unfortunately, many people will not be able to find additional info about the company because today their site was not functioning and was unavailable.
Warrior Energy is engaged in the exploration and development of oil and natural gas properties situated in Alberta, Canada, and in the Green River Basin in the USA.
