Dallas, Tx 4/6/2010 10:28:37 PM
News / Business

Most Volatile AMEX Stocks on AMEX (BQI, SSN, PUDA, KOG, TIV)

AMEX Stocks

 

Oilsands Quest Inc. (AMEX:BQI) jumped 10% to $0.914 after on heavy volume in the early hour. Oilsands Quest Inc. (OQI) operates through its subsidiary corporations and conducts limited joint venture activities.

 

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Samson Oil & Gas Limited (ADR) (AMEX:SSN) soared 39% to $0.766. As previously advised the Gene #1-22H well which is located in Williams County, North Dakota has been completed as a 5,500 foot horizontal well in the Mississippian Middle Bakken Formation. The initial flow back results from the first 5 of a planned 16 multi-stage frac were undertaken on Sunday, April 4th. The rate at 0600 hours on Sunday was recorded at 913 mscfd of gas and 960 bopd which is a combined rate of 1,112 boepd.

 

Puda Coal, Inc (AMEX:PUDA) soared 9.40% to $10.84 after hitting a fresh 52-week high of $10.96 on very heavy volume. Brean Murray initiates coverage on Puda Coal (NYSE Amex: PUDA) with a Buy rating and set a price target of $17.

 

Kodiak Oil & Gas Corp. (AMEX:KOG) surged 5.63% to 3.94 after hitting a new 52-week high of $4.06. The company announced that it has closed on two separate definitive purchase and sale agreements to acquire additional Williston Basin leasehold. 

 

Tri-Valley Corporation (AMEX:TIV) plunged 33.50% to $1.43 after the company said that institutional investors purchased approximately 3.84 million shares of common stock at $1.30 per share for a total of $5 million in gross proceeds. The institutional investors also received warrants to purchase up to 2.3 million shares in the aggregate.

 

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