Verona is an explorer with an active management.
The stock was flying high with their Asia Coal Bed Methane property which came up empty. Verona farmed it out for $1.2million in early 2008 and just picked up some oil wells in Saskatchewan.
Stock is under heavy accumulation in the past week and testing 50 DMA, giving the tight share structure and tiny market cap, it could raise quickly to mid 20’s once 50 DMA (blue) of 18 cents is taken out.
I own 300,000 shares at an average of 16 cents.
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