When CoreStream Energy Inc (PINK:ZLUS) announced two days ago it had acquired 18 producing oil wells, its stock went to the roof, gaining 72% in value and closing at $0.0024 with 124 million shares changing hands. As inspiring as the update seemed, investors somehow failed to pay attention to a parralel update, i.e the submission of the Q1 report for 2010.
The total area of the Kentucky-based oil property is said to allow for drilling in up to 700 wells. So, if ZLUS really completes the leases within... more
Yesterday CoreStream Energy, Inc.(NDA) (PINK:ZLUS) stock gained 20% in terms of price. It increased by 7 pips, closing at 0.0043 and putting an end to last week's negative trend. The turnover, on the other hand, shot up by 153% to the amount of 38 million, or slightly below the average volume of 40+ million. Yet, it is still far from the numbers achieved at the very beginning of 2011.
The surge doesn't really seem to come on the back of any special news whatsoever. In complianci with a previous press... more
Yesterday CoreStream Energy, Inc. (PINK:ZLUS) added 40% to its price and closed at $0.0028 with the volume reaching 52 million shares.
While it is possible to try to explain the last two sessions of ZLUS with the press release from Dec. 22, it would look like a somewhat shaky explanation since the price actually dropped on that day and the volume was the lowest out of the last 8 sessions. With the PR the company announced that it had entered an agreement to sell Zealous Interactive, Inc. It also... more