Volume precedes price: WNWG: Volume Spike; 33% > 20-adsv, Stock +13.14%
Wednesday, November 01, 2006 11:10 ET
This is the 1st VOLUME alert for WNWG in the past 7 calendar days.
Trading for Wentworth Energy Corporation (OTCBB: WNWG) has been heavier than usual in today's session. By 11:10 ET, the stock had already traded 114,700 shares via 21 trades. The cumulative volume is 33.39% above its 20-day average of 85,989. Normally the stock experiences around 20 individual trades per session.
So far, today's volume surge has caused a net rise in WNWG's stock price. At the time of this alert, the stock was trading at $1.980, up $0.230 (+13.14%).
One year ago, the Company's shares closed at $0.700. The price has gained more than 182 percent since then.
Over the last 10 trading session WNWG has traded in a range between $1.350 and $1.790 and is currently trading 64.52% below its 52-week high of $5.580 set on April 05,2006 and 296.00% above its 52-week low of $0.500 from December 28,2005.
In the previous 3 sessions, WNWG trading has displayed a mixed trend. Closing results have been as follows:
October 31, 2006 --- closed at $1.750 up $0.150 (+9.38%) on 113,900 shares
October 30, 2006 --- closed at $1.600 down $0.050 (-3.03%) on 36,770 shares
October 27, 2006 --- closed at $1.650 up $0.030 (+1.85%) on 92,990 shares
The Company last released news on March 23, 2006:
"Wentworth Oil Sands CEO Announces Expert Team"
WENTWORTH ENERGY CORPORATION
An oil and gas exploration and development company. Primary objective is to identify, acquire and develop interests in underdeveloped oil and gas projects.
"Never buy or sell based on anything I post - my posts are just my opinion"
"I like ridin' lightnin' - rely on no-ones due but your own"
