Yesterday, Jura Energy Corp. (TSE:JEC) stock brought investors the joy of a 100% gain between the sessions.
Maybe in an attempt to comply with the continued listing requirements of the Toronto Stock Exchange (TSX ), the price of JEC stock successfully went beyond the extent possible.
Referring to TSX listing requirement that the securities should be valued at over $3 million, the shares’ performance presented only uninterrupted trading to the extent possible.
This summer, TSX have made a review of the eligibility for continued listing of the securities of the company.
Because Jura Energy Corp. had not met all of the requirements, including the requirement to have its listed securities valued at over $3 million, the TSX rule for a grant period of 120 days came into effect. Within this period, the company was supposed to come again in compliance with the continued listing requirements of the TSX. Since then, no matter what news Jura Energy Corp. releases, its shares look like periodically rushed just to comply with the rules.[BANNER]
One of meaningful share price soar was in the middle of this September, when JEC stock jumped up 33.33% on the company’s release of a postponed drilling program and of the company’s projections that included “assessing options for a 2011 drilling program, which should be finalized by November 30, 2010”. This was only one third of the shares’ potential to surge 100% on no news, something that happen yesterday.
JEC stock closed the trading session at $0.04, almost at the frontier of its 52-week high. Thanks to the trading volume of more than 5.6 million shares, JEC proved that there is a chance for the shares’ revitalization.
As of yesterday, the market cap of Jura Energy Corp. was $4.71 million.
