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MER Initiates Coverage on:
Corridor Resources Inc.
Kelt Exploration Ltd.
Jericho Oil Corporation
Corridor Resources’ stock moved 1.54% lower Monday, to close the day at $0.64. The stock recorded a trading volume of 43,400 shares, which was above its three months average volume of 35,924 shares. In the last year, Corridor Resources' shares have traded in a range of 0.58 - 1.25. The share price has gained 10.34% from its 52 week low. The company's shares are currently trading below their 200-day moving average. The stock's 50-day moving average of $0.66 is lower than its 200-day moving average of $0.69. Shares of the company are trading at a Price to Earnings ratio of 4.41. Shares of Corridor Resources have gained approximately 4.92 percent year-to-date.
Access MER's Corridor Resources Inc. Research Report at:
On Monday, shares of Kelt Exploration recorded a trading volume of 739,524 shares, which was below the three months average volume of 799,611 shares. The stock ended the day 5.22% lower at $5.99. The share price has fallen 40.16% from its 52
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Jericho Oil’s stock had no change Monday, to close the day at $0.52. The stock recorded a trading volume of 11,500 shares, which was below its three months average volume of 31,209 shares. In the last year, Jericho Oil's shares have traded in a range of 0.49 - 1.38. The share price has gained 6.12% from its 52 week low. The company's shares are currently trading below their 200-day moving average. The stock's 50-day moving average of $0.55 is lower than its 200-day moving average of $0.71. Shares of Jericho Oil have fallen approximately 36.59 percent year-to-date.
Access MER's Jericho Oil Corporation Research Report at:
On Monday, shares of
Our Actionable Research on Corridor Resources Inc. (TSX
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SOURCE: MarketEdge Report