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Paradigm Oil and Gas Inc (OTCMKTS:PDGO) Stock Jumps More New Investment

Pete Matthews , , , ,

Yesterday, Paradigm Oil and Gas Inc (OTCMKTS:PDGO) came into focus after it made a significant new announcement with regards to new investments that it attracted. The company announced that it had issued as many as 50000 10% Convertible Promissory note.

Trading Data

On Wednesday, PDGO stock rose 50% to $0.0002 with 70K shares, compared to volume of 17.65 million shares. The stock moved within a range of $0.0002 – 0.0002 after opening trade at $0.0002.

Paradigm Oil And Gas, Inc. Announces More New Investment

As it happens, last week Paradigm Oil and Gas had made an announcement with regards to an investment from a related party. Yesterday, it announced that it was pleased to have attracted the new follow-up investment in the form of a convertible note. The influx of new investment is almost always seen as a positive by investors and it would be interesting to see if it leads to any move on the company’s stock over the course of the coming days or not.

It was also announced in yesterday’s press release that the new flow of funds in the form of fresh investment would also help Paradigm Oil and Gas in accelerating its anticipated goals. One of the more important goals for the company at this point in time is that of becoming a fully reporting company. To that end, Paradigm Oil and Gas would need to retain the services of an audit firm and in fact, that would actually be the first step.

Pete Matthews

Pete attended the University of Colorado and still calls the centennial state home. He chases trout in the summer and snowboards in the winter. He is fascinated with the markets and has a strong interest in nanocap stocks and crypto currency.