Investors who may be looking for long terms options when it comes to investments could do well to look into stocks which may have performed strongly over a reasonable period of time.
Trading Data
On Thursday, POEFF stock ended flat at $0.9266 with more than 65 shares traded, compared to its average volume of 10.6k shares. The stock has moved within a range of $0.9266 – 0.9266 after opening trading at $0.9266.
Key Triggers
That brings us to the topic of Pan Orient Energy Corp (OTCMKTS:POEFF), which has seen its stock perform strongly over the past year and clock gains of as much as 35% as a consequence. As it happens, the company was actually in the news yesterday after it provided an update with regards to its operations and also came up with a corporate update.
It may be a good move for investors to take a look at some of the highlights from yesterday’s press release. The company noted that the oil sales in relation to Concession L53 in Thailand stood at 3076 BOPD, 2745 BOPD and 2732 BOPD in the months of October, November and December last year.
In addition to that, the company also noted that once it gets approval from its partners it is going to include as many as 12 workovers at its operations in Thailand in 2022. It may be a good move to keep track of the stock and watch out for the price action.
Technical Data
POEFF stock is trading below the 20-Day and 50-Day Moving averages of $0.9368 and $0.9391 respectively. Moreover, the stock is below 200-Day moving average of $0.8119.
