Time to Buy Blackbird Energy Inc After Today’s Huge Decline?

 Time to Buy Blackbird Energy Inc After Today's Huge Decline?

The stock of Blackbird Energy Inc (CVE:BBI) is a huge mover today! The stock decreased 4.26% or $0.02 on October 31, hitting $0.45. About 1.28 million shares traded hands. Blackbird Energy Inc (CVE:BBI) has risen 6.00% since October 1, 2016 and is uptrending. It has outperformed by 2.53% the S&P500.
The move comes after 9 months negative chart setup for the $247.68 million company. It was reported on Oct, 31 by Barchart.com. We have $0.40 PT which if reached, will make CVE:BBI worth $29.72M less.

More notable recent Blackbird Energy Inc (CVE:BBI) news were published by: Marketwired.com which released: “Blackbird Energy Inc. Announces Closing of CEE Private Placement for Proceeds …” on October 27, 2016, also Marketwired.com with their article: “Blackbird Energy Inc. Announces Non-Brokered Private Placements of Flow …” published on October 25, 2016, Stockhouse.com published: “Blackbird Energy Inc. (TSXV:BBI) Flies 57% Higher to Top the New-Look Ubika …” on October 31, 2016. More interesting news about Blackbird Energy Inc (CVE:BBI) were released by: Marketwired.com and their article: “Blackbird Energy Inc. Announces Regulatory Approval for Its Infrastructure …” published on September 29, 2016 as well as Marketwired.com‘s news article titled: “Blackbird Energy Inc. Announces Unit and CDE Flow-Through Common Share …” with publication date: April 25, 2016.

Blackbird Energy Inc. is a Canada-based company, engaged in the acquisition, development and production of petroleum and gas interests. The company has a market cap of $247.68 million. The Firm holds 100% Working Interest in 127 sections of the Elmworth project located in the Elmworth area of Alberta. It has a 378.15 P/E ratio. It also holds 100% interest in the 2.1 section Mantario Heavy Oil project.

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