Published On: Wed, Jul 31st, 2013

Grid Petroleum Corp. (OTCMKTS:GRPR) Trading Report – 07/30/2013

Share This

Shares of Grid Petroleum Corp. (OTCMKTS:GRPR) had made marginal gains of 62.50% on Tuesday and had continued to move with significant gains in the recent few days of trading. However the stock had not moved significantly to end the flat level of trading which had been continuing on this penny stock for the past few months. As could be observed from the price charts, the penny stock had been trading flat at the level of $0.001 per share for the past four months since April 2013 and had not attracted much investor attention during this period.

However, in the recent past the penny stock of Grid Petroleum Corp. (OTCMKTS:GRPR) had moved on to present significant short term returns to the investors with higher level of trading in the shares. The trading session on Tuesday had witnessed the trade of huge volume of 79.13 million shares which further supported the surging trend in prices. However, the penny stock had been gaining significantly in the recent months of trading to present around 116.67% gains to the investors in the past six months.

While the stock had touched its peak at the level of $0.02 per share by the month of August 2012, there had been heavy fluctuation in the prices after that which had presented higher level of volatility. This volatility and declining trend in the prices of the stock had continued till November 2012, after which the penny stock had gradually moved off to set in flat trends. There had not been much investor activity in this penny stock until recently and further the company had also not moved off from the flat trend in the recent days.

It had been announced that Grid Petroleum Corp. (OTCMKTS:GRPR) had entered into letter of intent for the acquisition of around 25% working interest and around 16.5% net revenue interest in the Jacalitos project.

© Copyright 2016 OTC News Magazine. All rights reserved.