Foothills Exploration Inc (OTCMKTS:FTXP) Stock Suddenly Jumps 17%: Here is Why
After the company made a key announcement on Monday, the Foothills Exploration Inc (OTCMKTS:FTXP) stock emerged as one of the notable gainers and ended the day with gains of as much as 17%.
Market Reaction:
On Monday, FTXP stock surged 17% at $0.0014 with more than 267.02 million shares, compared to its average volume of 222.58 million shares. The stock has moved within a range of $0.0011 – 0.0014 after opening the trade at $0.0013.
Major News
The oil and gas exploration firm, which operates through a range of subsidiaries, announced yesterday that it had received an invite to make a presentation at Emerging Growth Conference. The event in question is going to be held on October 27, 2021. Since the event is going to be held tomorrow, it is likely that the stock is going to be in focus among investors in a big way over the couple of days.
Yesterday, Foothills Exploration invited institutional investors, analysts and individuals among others to participate in the real time presentation from the company at the event. At the presentation, participants will be able virtually interact directly with Christopher Jarvis, the Executive Vice President of Finance at the company. It goes without saying that the event could be an important one for the company and also for the participants. Additionally, it should reveal some rather important details with regards to Foothills’ future plans and hence, it might be a good move to keep an eye on the events tomorrow.
