Last week, Grid Petroleum Corp (OTC:GRPR) got the up move. On Friday, the stock added another 5.88% to its stock price 
while trading over 4 million shares for the day.
What is more interesting here is that no particular reason for the climb can be found. The last news by Grid was released in December and since then no data on the company’s activities was published. So, it is just a matter of time to see if the up move will continue.
Grid Petroleum Corp. focuses on acquiring and exploring properties with potential for minerals, oil and gas extraction and production throughout North America. During the last months of year 2011, the company’s wholly-owned subsidiary, Joaquin Basin Resources, Inc. entered into an Asset Transfer Agreement with Xploration, Inc. In addition, Grid reported its plans to develop the Unconventional Shale acreage it joint ventures in the San Joaquin Basin and since then no news on the company was released.[BANNER]
The latest 10-Q report of GRPR looks quite improved, though the company’s accumulated deficit during development and exploration stages have increased significantly. While at the same time the revenues kept missing.
Grid Petroleum has had limited business operations and has no sufficient cash to fund its desired exploration for the next twelve months. Its future operation is dependent on the company’s ability to obtain necessary financing or achieving a profitable level of operations. However, there are no assurances that Grid will be successful in achieving any of these goals.
