Petroteq Energy Inc (OTCMKTS:PQEFF) stock Pulls Back After The recent Jump: A Good Buy?

If you are currently looking into the possibility of looking into stocks which recorded strong gains over the course of the past week then it might be a good move to look into the Petroteq Energy Inc (OTCMKTS:PQEFF) stock.

During the past week, the stock has emerged as one of the stronger performers and managed to deliver gains of as much as 10%. The company is involved in developing and implementing its oil extraction exchanges and last week the company made a major announcement. Petroteq announced that a Front End Engineering and Design study meant for production facility producing 5000 barrels of oil per day was concluded by Crossrails Engineering LLC.

It should be noted that in this particular study, the company’s own Clean Oil Deliver Technology had also been deployed. The announcement was made an July 28 and the company also announced that it was going to receive the study this week.

It marks a major new development for Petroteq and the optimism about the development from among investors is understandable. It is now going to be interesting to see if the stock can manage to hold on to its momentum over the course of the coming days or not.

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