Jayhawk Energy Inc (OTC:JYHW) stock price and traded volume sprang up significantly during yesterday’s session. The stock price closed the day at $0,301, jumping up by 46,83%, while traded volume reached 736 thousand.
The price graph has been heading upwards since Sept. 28, when the company announced that it has appointed Kelly Stopher as their new CFO. Mr. Stopher was said to support financial operations for leading Fortune 500 companies.
JayHawk Energy, Inc. is an oil and gas exploration,development and production company focused on two projects in the Cherokee Basin, Kansas and the Williston Basin, North Dakota.
The company has registered a $816 thousand net cash flow for the first half of the year, leaving the company with $821 thousand in cash and cash equivalents. Assets and liabilities have both risen by around $1 million since last year. Still, assets are about $7 million higher than liabilities. The records also show that since last year, the company’s net lost has increased and reached $655 thousand.
The current uptrend of JYHW stock price seems to be effected by the the new CFO’s introduction. However, the long term stock price ascension cannot be certain, until the company brings forth more proofs of its capability to further exploration activities.
