
No new annoncements were released by the corporation. In such a case, we should search for other reasons that might be responsible for the recent performance of the company’s shares.
A large and interesting discussion concerning Aroway Energy is going on in the stock forums. Most of the opinions there are optimistic. It seems people find this company undervalued and with a huge upside potential that could soon lead ARW go over the $1 mark.
As several stock researchers point out, Aroway owns highly-prospective projects with current production of 530 boes/day which the corporation intends to raise to a minimum of 600 boes/day by the end of 2011.
Perhaps, these considerations provide only part of the reasons for Monday’s behavior of the stock. A 19.5% rise in the stock price and a volume exceeding nine times the daily average – these are facts not to be so easily forgotten. Besides, the recorded turnover of 1.06M shares is the second largest in the whole company’s trading history.
The performance of ARWJF on the American OTC market also deserves your attention. There, the stock produced a volume record of 314.5 thousand shares, together with a 19% rise in the price.