Tiger Oil and Energy Inc (OTCMKTS:TGRO) Stock In Watchlist After Latest News
Considering the fact there has been no news about Tiger Oil and Energy Inc (OTCMKTS:TGRO) for some week, it was perhaps no surprise that the company’s stock was trading within a range last Friday. In this situation, it may be the right time for investors to look into the announcement from the company back on February 28, 2022.
Market Stats
On Friday, TGRO stock ended flat at $0.0003 with more than 33.07 million shares, compared to its average volume of 141.02 million shares. The stock moved within a range of $0.0002 – 0.0003 after opening trading at $0.0003.
Tiger Oil and Energy Inc. Acquires Oil and Gas Leases
The company announced that it had been successful in completing the acquisition of wells that had been producing oil in the recent past. One of the acquisitions is made up of a gas and oil land assemble that stretches across 780 acres in total in a total of 7 leases.
Out of that, the company was going to get working interest in 78% to 100% of the area. All the leases in question are situated in Kansas, which is the most prolific oil producing state in the United States. It goes without saying that the acquisition were a significant one for Tiger Oil and Energy. That being said, it is something that investors ought to keep in mind when considering the stock. However, one could do well to keep track of any fresh news with regards to the company at this point.
Traders Corner
TGRO stock is trading above the 20-Day and 50-Day Moving averages of $0.0003 and $0.0003 respectively. However, the stock is trading below the 200-Day moving average of $0.0005.
