What Quest Oil Corp. (PINK:QOIL) has been going through in the past few days can be best described as roller-coaster of hell.[BANNER]A recent press release about the completion of another oil acquisition got investors so excited, that the number of shares traded on Sept, 7 went over a billion. Since then, the stock gains and then loses a huge percentage of its value in a matter of hours. Yesterday was a relatively calm day, on which QOIL lost ‘only’ 16%.
But another acquisition by this company doesn’t have much of an effect usually:
It’s really hard to believe that after so many years of mostly losses despite holding interest in numerous claims, the recent aquisition of B&B Oil, Inc. will be able to ease up the $4,8 million debt.
