Published on Oct 16, 2013 4:25 am
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GRPR (Grid Petroleum Corp.) surprised many investors yesterday, trading over 184 million shares and closing the day out with gains of 60%, without even closing at the highest point of the day. The heavily increased trading represented a strong breakout from the horizontal trading pattern that had been taking hold with no significant movement to speak of. Surprise at this fast price per share increase throughout the day yesterday, came especially in that the company has not released a significant news development since December of last year, when they announced updates on well completion. Yesterdays movement leads many active penny stock traders to wonder if perhaps this major increase of attention is coming as a result of an information leak, suggesting that investors may know that something bigger and better is coming soon for this fast moving penny stock pick. Though we rarely get involved in such forms of speculation, there is no doubt that things are getting far more interesting here, so we highly suggest that all readers continue to keep a close eye on GRPR, to see what further developments may be released.
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