Yesterday, Petrodorado Energy Ltd. (CVE:PDQ) jumped up by 32.43% on no news from the company.
The beginning of today’s trading session presents investor willingness to return PDQ price back to its normal range.
Up to now, the company’s shares have lost 12.24% from the accumulated during the last trading session value.
Early in the morning today, the company released the issuance of one million stock options with a strike price of $0.49 to its officers.
Looks like the lack of any updates on the company since the beginning of last month and the last press release reminding about the future dilution are rather convincing investors to sell PDQ shares.
It was expected that after yesterday’s not typical for the company’s shares volatility and giant surging up, the time for a share price correction has come.[BANNER]
Investors will decide whether the speculative mood will pull PDQ up again, or it will return to their fair trading range.
Petrodorado Energy Ltd. is a company engaged in petroleum and natural gas exploration in Colombia, Peru and Paraguay. The company’s head office is located in Calgary, Alberta, Canada.
