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PetroSun Inc (OTCMKTS:PSUD) Stock Consolidates After Recent Rally

Madison Hall , , , ,

Yesterday PetroSun Inc (OTCMKTS:PSUD) was in the news cycle after it announced that its board of directors had provided the approval for the formation of its Science and Technology Advisory Board. It was a significant new development for the company considering the functions that are going to be performed by that board.

Trading Data     

On Monday, PSUD stock slumped 3.23% to $0.1500 with more than 21.04K shares, compared to volume of 48.78K shares. The stock moved within a range of $0.1500 – 0.1500 after opening trade at $0.1500.

The advisory board would be responsible for providing technical advice as well as spark discussions related to all the science and technology assets belonging to PetroSun. Additionally, the advisory board would also be responsible for interpreting the protocols and science behind any new technology that may be considered by the company. The board would also try to figure out the commercial viability of any such technology.

It was announced yesterday by PetroSun that the advisory board members would be unveiled individuals over the course of the coming two weeks. PetroSun is a company which owns considerable leasehold acreage meant for helium exploration and production in the Holbrook Basin in Arizona.

Additionally, the company is also involved in exploring for helium and natural gas at the Paradox Basin in Utah. PetroSun also holds interests in a number of patented as well as patent pending technologies at this point.

Madison Hall

After graduating from the University of Buffalo, Madison gained a real interest in the markets. She tends to be a swing trader and enjoys Pilates and yoga in her downtime.