Why is the stock price rising so rapidly? Have they sacked the Board?
3 replies (most recent on top)
Probably a response to increasing stock price of others in the same sector of the industry. ION will be seen as a bargain for investors that are looking to capitalize on a rebounding oil & gas market without any inside knowledge of the company operations. Return to mean investing dictates that what goes down must come back up. Obviously a completely oversimplified view of stock price. If business does not come in, the gains will be reversed on publication of the next quarterly financial statements when it is seen that there is no income to back up the gain in stock price.
same for CGG and Saexploration hum.... +/- in the same timeframe
Maybe we need to learn to speak Chinese before Trump puts sanctions in place.