Markets

Stetson Oil & Gas Up 25%, Taking It Further Away From Year Low of 2.5 Cents

Stetson Oil & Gas Limited (SSN.V), a junior oil and gas company with exploration assets in North Dakota has seen its share price edged up this morning, with more than 2 million shares changing hands. The current price of 2.5 cents takes it further away from its year-low of two cents, which it hit on Nov 23.

The company reported no fresh news today, but it announced last month that

after an internal strategic review, the Board of Directors was proceeding with a share consolidation of Stetson's common shares so as to refocus the company for a new phase of growth and creating shareholder value.

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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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