Is Selling Stock Like Perisson Petroleum Corp After Such Decline Winning Strategy?

 Is Selling Stock Like Perisson Petroleum Corp After Such Decline Winning Strategy?

The stock of Perisson Petroleum Corp (CVE:POG) is a huge mover today! About 30,000 shares traded hands. Perisson Petroleum Corp (CVE:POG) has risen 6.00% since October 17, 2016 and is uptrending. It has outperformed by 1.31% the S&P500.
The move comes after 7 months negative chart setup for the $9.37 million company. It was reported on Nov, 16 by Barchart.com. We have $0.47 PT which if reached, will make CVE:POG worth $1.12 million less.

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: “Forent Energy Ltd. and Perisson Petroleum Corporation Announce Amalgamation” published on March 08, 2016, Marketwired.com published: “Perisson Petroleum Corporation Announces Operational Changes” on March 24, 2015. More interesting news about Perisson Petroleum Corp (CVE:POG) were released by: Marketwired.com and their article: “Perisson Petroleum Provides Update to Proposed Central Alberta Oil and Gas …” published on August 11, 2016 as well as Marketwired.com‘s news article titled: “Perisson Petroleum Completes Twining Oil and Gas Acquisition” with publication date: August 18, 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 $9.37 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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