CCM Liquidity Report: Oracle Energy Corp. (TSX VENTURE: OCL) (PINK SHEETS: OECPF)
May 22 2008 - 1:36PM
Marketwired
TORONTO, ONTARIO (PINK SHEETS: OECPF) -
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CRITERIA 21-May-08
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MKT CAP (millions) $ 7.7
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50 DAY AVG. VOLUME 106,000
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50 DAY AVG. VALUE $ 16,610.00
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50 DAY AVG. DAILY TRADES 12
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50 DAY AVG. DAILY TRADE VALUE $ 1,384.00
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% OF FLOAT TRADED 0.22%
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In the most recent Technical Research Report dated, May 13,
2008, the analyst stated:
"Oracle Energy Corp. (OCL) is currently trading above the key 5-
weekly modified moving average at 0.165."
"My model shows weekly support at 0.162 with annual resistances
at 0.216 / 0.249. Monthly support is 0.071."
"The 200- week moving averages provide additional resistance at
0.292. The 50- week moving average provides nearby support at
0.175."
In the most recent Research Note, dated April 28, 2008, the
analyst stated:
"Oracle Energy (OCL.V) has announced that it has been notified
by the majority interest project operator, Ventum Oil & Gas
LLC, that drilling operations on the J. Vela #1 well began on April
15, 2008. This announcement should be considered very positive news
since the Texas drilling operation is a significant near-term share
price determinant. Given that preliminary drilling results should
be available sometime in May, favorable results should have a
positive impact on near-term share price."
The Liquidity Report can be found at:
http://www.baystreet.ca/articles/research_reports/ccm_research/OCL_Liquidity%20Report_May%2022%2C%202008.pdf.
CCM Research is a division of Cronus Capital Markets, Inc.
Cronus Capital Markets, Inc., through its CCM Corporate Advisory
division, entered into a one year $40,000.00 contract with the
Company to assist it with the creation and execution of
information-based strategies to overcome market inefficiencies that
are commonplace for the vast majority of public companies,
including: share illiquidity, lack of credibility, and stagnant
market capitalization.
Cronus Capital Markets� (CCM) is a leading capital market
services firm providing services to investors, institutions,
exchanges, and public companies. CCM's equity research, indexes,
and ETFs receive international attention and represent important
new sectors of growth.
CRONUS CAPITAL MARKETS, INC. IS THE SOLE SOURCE OF THIS PRESS
RELEASE.
The TSX Venture Exchange has neither approved nor disapproved
the contents of the press release.
Contacts: Cronus Capital Markets Peter Soni Chief Information
Officer (416) 368-3700 ext 225 Email:
Peter@cronuscapitalmarkets.com
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