Eagle & Beagle
Traders want to know why a stock jumps 22.6 percent in a week. But they might dismiss a lowly 45-cent gain.
Last week, Oklahoma City-based PostRock Energy Corp. did both.
Because PSTR shares are low-priced and thinly traded, the stock soared to the top of our list of state-based publicly traded companies by moving to $1.90 a share, up from $1.55 a week earlier.
The jump was accompanied by relatively modest volume, with less than 100,000 shares changing hands for the week.
PSTR, which is juggling liquidity and commodity pricing issues, is involved in exploration, production and transportation of oil and natural gas, mainly in the Cherokee Basin of Oklahoma and Kansas.
We'll keep watching while we wait to hear from management early next month in a quarterly conference call.
Talked to a guy this week who nearly persuaded himself to buy a truckload of short-term options based on what he thought might be really good information.