Ann: $10M raising for multi-rig drilling and to extinguish debt, page-194

Basic swing trade got me in this.
An exit would’ve been a split trailing stop at 20c the with stops on remainder of position at 18c yesterday.

Currently if range stays above16c and can break above today’s close on Monday will be a bullish signal to buy.

If I was trading this I would have a buy order on or just above today’s close with a tight stop 1-2c below. Or just be patient and wait 1-2 weeks until some increased volume arises and price turns on the overnight swing.

Either way I’m not trading this. I got lucky hit at 7.1entry on the overnight swing, and the fundamentals look worth the wait.