This week, Encanto Potash Corp. (CVE:EPO), (PINK:ENCTF) stock improved its performance on the released by the company assay results for its Muskowekwan First Nation Prospect.
Looks like this time on the big news EPO stock got demanded not only by investors holding long positions.
At the beginning of this month, Encanto Potash Corp. announced the assay results for the first from four wells evaluated under the evaluation program at the Muskowekwan property in Saskatchewan.
Investors appreciated the share price upward direction on an average for the company volume traded. During the following trading sessions, the upward direction of EPO continued.
Looks like this Monday the optimistic mood of the company’s management and the announced initial test results inspired investors stronger than ever.
On the day of the announcement, the released assay results on the company’s Lestock 11-18-27-15W2 well resulted in a 20.45% share price jump up.
Yesterday, Encanto Potash Corp. stock exploded again, gaining 34.38% between the sessions. There were no official announcements that could provoke such a share price spike.[BANNER]
Looks like this week speculative-minded investors also made their input in EPO price increase, in addition to those who were discussing the test results and the company’s prospects. Pushed up by all kinds of investor optimism, EPO closed the market at $0.43 per share on a volume of more than 6.5 million shares changing hands and remaining overbought.
Within a week, EPO stock awarded its investors with a the chance to bank a 62.26% return.
