The fiscal year end numbers are due out at any moment, a filing which could easily send the penny stock of Yaterra Ventures Corp. (OTC: YTRV) into orbit. Over the past week, volume has become excessively bullish while YTRV stock has already soared 661% from .0013 to yesterday’s high of .0099. With speculators looking for the next extreme penny stock to hit the wires soon after the opening bell, this low float oil and gas explorer is a must have on the watch list for every trader looking to double or better their money with this possible ten-bagger.
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YTRV Stock Chart
Market Cap: 135.65K
Last: 0.0096 ▲ 0.0044 (84.62%)
Issued and Outstanding: 14,130,000
14-Day Rel Strength: 83.58%
14-Day Stochastic: 96.59%
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As soon as Yaterra Ventures files their 10-K (the NT 10-K was filed back in November), for the year ended August 31, 2012, shares of the oil and gas explorer could go absolutely bonkers. More than 15 million shares traded on Monday, more than the total outstanding shares as of August 13, 2012. Better than that, more than 30 million shares, twice the last reported amount outstanding, traded just a week ago. All tell tale signs that something is brewing with YTRV stock.
Despite OTCMarkets having issued a “Yield” sign for traders to take note of, other penny stocks which went into orbit, like Medical Marijuana Inc. (MJNA), also had the same designation when they were ate on their filings. Yield or not, not much is really holding back the bullish sentiment YTRV has displayed over the past few trading sessions.
The Company, on May 21, 2012, acquired 100% of Pure Spectrum Oil, Inc. in exchange for 2,500,000 shares of YTRV stock. The deal required that Yaterra Ventures assume the outstanding accounts payable of $9,803 and notes payable of $695,952. This deal put Yaterra into the business of oil and gas exploration — a huge move for Cedric Atkinson who obtained control of Yaterra Ventures, Corp. through the purchase of 900,000 common shares from the previous owner of the Company.
With the last reported float for YTRV being just 9,956,097 as of June 5, 2012, the 10-K filing will detail exactly how many shares insiders own and how many are outstanding – numbers which could be crucial to the near-term value for traders to estimate a ceiling price for which to stop accumulating and start selling at. If and when those details are filed and/or the Company’s first press release is issued, the trading activity on Yaterra Ventures could land them on the front page of the top penny stocks traded.
About YTRV Stock
Yaterra Ventures Corp. an exploration stage company engaged in the acquisition and exploration of mineral properties. Click here to view the SEC filings for YTRV.
Last 5 Trading Sessions:
Bottom Line: Oil & Gas explorers have provided penny stock traders incredible gains historically and YTRV could be the next one of them to put some serious coin into their pockets. At present, YTRV stock is experiencing some Extreme bullishness which should, prior to today’s closing bell, have some form of confirmation by way of alert, 10-K filing or press release if it is to continue with reduced risk for new buyers.
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