BlackPearl Resources Make Steady Gains, Up 1% From Close Although Off Day Highs

BlackPearl Resources (PXX.TO) have made steady gains all morning, currently trading at $4.21, 1% above yesterday's close of $4.17.

The stock opened at $4.15, hitting a high of $4.38 before 11am. The company reported on Nov 9th, that its oil and gas revenues increased 33% in the third quarter of 2011 to $44.6 million compared with $33.4 million in Q3 2010. The increase was primarily attributable to a 22% increase in oil sales volumes and higher crude oil prices in 2011.

The company had no further news to report this morning. More than 2.6 million shares have changed hands.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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