PostRock (PSTR) Shares Spike 40% Higher

PostRock Energy Corporation (PSTR) shares are trading higher by nearly 40% to $6.19 in early trading. The move comes on a big volume too with the issue currently trading 3.7 million shares, compared to the stock’s average daily volume of 150K shares. Not seeing any news or rumors to account for the move.

During today’s trading session, PSTR opened 3 cents higher from the previous close but it has managed to spike almost 2 points to challenge 4-month resistance along the $6.30/$6.40 vicinity. There is no real set-up at the moment, but as long as the equity holds above the $6 level, its pent up momentum stays intact. That said, should it drop below that level, the next support looks like $3.86 and then $3.58.

Fundamentally, PSTR shows the following financial data:

  • $46.00K in cash in most recent quarter
  • $195.68 million t-12 total assets
  • $18.22 million total equity
  • $83.50 million t-12 revenue
  • $3.85 million annual net income
  • ($13.34) million free cash flow

On valuation measures, PostRock Energy Corp. shares have a T-12 price/sales ratio of 0.34 and a price/book for the same period of 1.54. EPS is ($1.14).

In terms of share statistics, PostRock Energy Corp. has a total of 6.31 million shares outstanding with 44.33% held by insiders and 6.40% held by institutions. The stock’s short interest currently stands at 1.56%, bringing the total number of shares sold short to 25,943.

Shares of the Oklahoma, City Oklahoma-based company are down 65.47% year-over-year ; up 22.78% year-to-date.

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