Yesterday, (CVE:CEX), (PINK:CXLIF) stock became the volume leader on the TSX Venture Exchange (CVE) following the news about the successfully implemented Stoney Creek drilling and Shale Gas technical works.
On the news, the price of CEX soared 68.63% from the previous close. The huge price gap shot the company’s shares into a new and much higher trading range than the last known of below $0.30 per share.
A lot of exciting events happened during the trading session yesterday. Contact Exploration Inc. stock noted its new high for the last two years at $0.44 per share.
In addition to heading the “daily volume leadership” on the CVE, CEX hinted at a new volume record for the past decade.
Although CEX stock jumped into the strong overbought area, all technical indicators of the share price chart are almost convincing that the bullish mood may be still supported by investors. On the other side, after such a price soar, a following price correction should also not be excluded. Today’s trading session will show how the share price will move after the day full of records for CEX.
On the OTC Grey market, CXLIF also showed excellent performance. In one trading day and on a volume of almost half a million shares changing hands CXLIF soared 68.05% .[BANNER]
Yesterday, without the use of any chemicals except for the chemistry of investor bullish mood, the shares of Contact Exploration Inc. erupted like cut oil under the heavy buyers’ pressure. The price of the shares, being already in the new higher trading range, looked like rich crude oil separated from water.
According to the terminology related to the oil and gas production, the cut oil is crude oil containing water, normally in the form of an emulsion. This emulsion must be treated inside heaters using chemicals, which breaks the mixture into its individual components water and crude oil.
