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Primera Energy Climbs More than 21% on Record Q3 Results

Primera Energy Resources Ltd. (PTT.V) jumped more than 21% to 17 cents from yesterday's 14 cents close, trading just about $0.065 above year lows, after announcing that it has achieved record results in the third quarter 2011.

The company said revenue was 67% higher during the quarter, increasing to $3.3 million compared to $2.0 million in the third quarter last year, while EBITDA was at $1.8 million compared to last year's $513,625. Oil production also rose by 34% to 410 barrels of oil per day.

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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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