On Friday CAVU Resources Inc. (PINK:CAVR) announced an initial flow rate of 24 barrels of oil per day and an estimated 300 MCF of natural gas for its CAVU 1 well.The market reacted with a 8.33% drop in price and a relatively low volume of approximately 289 thousand shares. According to some iHub users the closing price of $0.055 should be viewed as a rise because the “real close” on Thursday was at $0.054.Either way, Friday's session seemed an apathetic response to the press release....
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Updates referring to Cavu Resources Inc (PINK:CAVR) appear to be popping up faster than the speed of light, at least over the course of the last seven days. Promoters have reacted accordingly, turning CAVR stock into one of the most heavily promoted penny stocks for the whole month. Although no remuneration has been declared yet, trade alerts have already reached the vast majority of traders operating on the penny stock market.
Early in the morning, the company announced it had already signed a contract...
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A couple of promoters launched a an advertising campaign yesterday to mobilize support for Cavu Resources Inc (PINK:CAVR) on the stock market.
The investors' awareness program comes hot on the heels of quite a spectacular market performance by CAVR stock during the latest trading session on Mar. 9. Not only did it gain 77% in value to close at $0.016, but it also generated a turnover of 1.3 million, the highest figure since last June, as well as 20 times higher than the daily average volume.
Headquareted...
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