JayHawk Energy Inc. shares closed today’s trading at 1.05, up $0.17 a share or nearly 20%, on solid volume of over 1.5 million shares. Earlier in the day, the stock touched a new 52-week high at a price of $1.07 a share. JayHawk Energy initially received coverage in QualityStocks FREE Daily Newsletter on October 22, 2009. At that time, the stock was trading for only $0.28 per share. Anyone who invested into the company at that time is now sitting on gains of more than 270 percent!
JayHawk Energy is an oil and gas exploration, development and production company. The company is focused on two major projects in the Cherokee Basin in Kansas and in the Williston Basin in North Dakota. JayHawk Energy recently announced the closing of two tranches of the company’s $1.5 million debenture financing with a number of institutional investors. Proceeds from the financing will be used to further plans to drill the first two wells on its Crosby, North Dakota Madison Formation oil pool.
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