What’s Ahead for Perisson Petroleum Corp After Today’s Huge Increase?


 What's Ahead for Perisson Petroleum Corp After Today's Huge Increase?

The stock of Perisson Petroleum Corp (CVE:POG) is a huge mover today! About 217,400 shares traded hands or 135.77% up from the average. Perisson Petroleum Corp (CVE:POG) has risen 6.00% since September 17, 2016 and is uptrending. It has outperformed by 0.39% the S&P500.
The move comes after 9 months positive chart setup for the $9.14 million company. It was reported on Oct, 17 by Barchart.com. We have $0.91 PT which if reached, will make CVE:POG worth $5.39M more.

More notable recent Perisson Petroleum Corp (CVE:POG) news were published by: Marketwired.com which released: “Perisson Petroleum Corporation Announces Proposed Equity Financing” on September 26, 2016, also Marketwired.com with their article: “Perisson Petroleum Corporation Announces Operational Changes” published on March 24, 2015, Marketwired.com published: “Forent Energy Ltd. and Perisson Petroleum Corporation Announce Amalgamation” on March 08, 2016. More interesting news about Perisson Petroleum Corp (CVE:POG) were released by: Marketwired.com and their article: “Perisson Petroleum to List on the TSX Venture Exchange” published on July 21, 2016 as well as Reuters.com‘s news article titled: “BRIEF-Perisson Petroleum to acquire oil reserves in Ribstone and Success” with publication date: August 15, 2016.

Perisson Petroleum Corporation is engaged in the exploration for gas and oil assets in Colombia through its subsidiaries, Perisson Petroleum Panama Corporation, Morichal Sinoco, SA and the latter’s Colombian branch. The company has a market cap of $9.14 million. The Company’s gas and oil activities are focused on commercially exploiting resources from its VMM-17 block. It currently has negative earnings. The VMM-17 block covers approximately 39,930 hectares of the Magdalena Basin, the oil-producing basin in Colombia.

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