Those who are currently looking into stocks which have recorded significant gains over the course of the past weeks could consider taking a look at the PetroTal Corp (OTCMKTS:PTALF) (TSXV:TAL) stock. The stock has managed to emerge as a major gainer amidst heavy interest and in the past week alone, it has clocked gains of as much as 18%.
Market Action
On Wednesday, PTALF stock jumped 2.06% to $0.4169 with 94k shares, compared to its average volume of 132K shares. The stock has moved within a range of $0.3975 – 0.4174 after opening trade at $0.4162.
PetroTal Commences Trading on the OTCQX Market in the United States
That took the gains made by the stock over the course of the past month to as much as 60%. Those are handsome gains and at this point, it is important for investors to figure out if the rally is going to continue or not.
As it happens, the company made a major announcement yesterday which could prove to be another positive trigger for the stock. PetroTal announced yesterday that its stock had been upgraded to the OTCQX Best Market from the Pink market in the United States. In addition to that, it was also announced that the stock is going to trade under the ticker symbol PTALF.
It is now going to be interesting to see if the upgrade to a new exchange leads to further optimism about the PetroTal stock or not.
Key Quote
Manuel Pablo Zuniga-Pflucker, President and Chief Executive Officer, commented,
“This is an excellent initiative for PetroTal and we are very excited to be part of the OTCQX market. We hope to share our story with a wide range of U.S. investors that can now access PetroTal shares in a more transparent way.”
Traders Note
PTALF stock is trading above the 20-Day and 50-Day Moving averages of $0.3397 and $0.3052. Moreover, the stock is trading is the neutral zone with RSI stands at 76. The stock is up 60% over the past month.
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