Yesterday, PetroKamchatka Plc (CVE:PKP), (PINK:PKPZF) stock was the most actively traded stock on the TSX Venture Exchange.
Looks like the bears, not necessarily from Kamchatka but stronger than Kamchatka’s, were eager to eat all the negative results of PKP 25% return back from the previous trading session.
Unfortunately, the strong bears, not necessarily from Kamchatka, left the price of PKP stock unchanged just to demonstrate their power.
It is difficult to predict if the huge volume traded yesterday will result in a price jump up today. It will be really interesting to follow how the share price direction will go. Some price extremes in yesterday’s trading range are suggesting speculative interest in PKP stock.
For sure, the company has no press releases since the annual general meeting of shareholders scheduled for last Friday.[BANNER]
The last available news from PetroKamchatka Plc. is unfortunately not related to updates on the company’s operations. Recently, the company released that it is issuing more than 1.3 million shares to pay a portion of the annual remuneration of its four directors.
Looks like yesterday no bulls and bears from Kamchatka, but shorters, were dominating the trading of PKP stock. The shares closed the market at $0.015 with no price change and had a volume of 14.2 million shares changing hands.
PetroKamchatka Plc is an oil and gas exploration company operating seven exploration licenses located in the Western part of the Kamchatka Peninsula, in Russia’s Far East.
