Since initiating on Pura Vida (PVD) on 26 May 2015, the company has commenced drilling of the MZ-1 well, offshore Morocco. Only three weeks into a minimum 60-day well, the stock has fallen by more than 30% and appears oversold on volatility driven without newsflow. Without doubt the MZ-1 is a high-risk well, but PVD is fully carried by an accomplished operator in Freeport that is currently executing a thorough and well-planned well. We maintain our RENAV of A$1.42/share.
http://www.edisoninvestmentresearch.com/?ACT=18&ID=14544
Pura Vida Energy Reaction to drilling Update LATEST RESEARCH
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0.7¢ |
Change
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Mkt cap ! $19.66M | |||
| Open | High | Low | Value | Volume |
| 0.7¢ | 0.7¢ | 0.7¢ | $13.21K | 1.902M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 38 | 16554562 | 0.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.7¢ | 2354929 | 4 |
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